Calling someone a drug addict is hardly going to make your company appealing to do business with.

If you are going to play in real estate game then you need to have experts around you: accountant, real estate lawyer and title company are a good start.A rehabber that does any level of volume is going to be classified as a dealer by the IRS.

On the other hand, if you are a dealer of a flipper, then you need to consider this election since you will be exposed to Self Employment taxes and the S corp election can help reduce that through salary allocations.

I am referring to be a licensed dealer, etc.

I've been warned that doing too many buy/sell transactions may cause the IRS to designate me as a "real estate dealer," and force me to pay self-employment tax of 15.3% of the first $72,600 of income.

It is necessary that you finish a project that is visible to other homeowners so as to not be an eyesore; it is necessary to ensure they aren't doing drugs, harboring terrorists, keeping children sex-slaves, etc.

I send them all my business for my credit repair program for auto dealers.

I guess my cynicism radar has been goo enough at picking up on agent talk (and "investor" talk too) that I don't even contact the ones that look suspiciously like agents.Heck on the "cars and trucks" section of CL you can eliminate "dealers" on your search.all cash

It got so bad, that the only applicants I saw for two or three months were drug addicts and other scumbags.

This investor had two properties that were involved in a major drug raid and this made the front page of our newspaper yesterday.