Miniature horses are popular I hear, and recently there was a story-pic included- about an ES Alligator. 

It seems you may have put the cart before the horse.

Get off your high horse.

Uh, the cart is before the horse. 

I've been told there is no money in boarding horses more than once.

She had horse saddles & blankets on the stair railings & she doesn't own/ride a horse ???  

If you had purchased a thoroughbred race horse, wouldn't you hire a professional jockey, trainer, veterinarian if you expect to beat the competition?

There are also local Toledo landlords who absolutely suck at the business and should be outsourcing (before they fail completely and end up being the next sales listed online).Property management is not car repair where you are simply comparing your own labor / material costs to your local Tireman quote...with a car you can throw parts at the problem until it's fixed and more importantly the car never knows if you are cluelessly streaming youtube videos to figure out how to replace a starter.Property management is more like caring for a herd of horses...they know darn well if the farm hand trying to saddle them knows what they're doing and they smell fear from a mile away.

You're asking high level tax questions that don't matter unless the investment pencils out; the cart before the horse.

@Davon Lowery  I understand your thought process.. but also you have to realize how people like this totally foul up INOCENT sellers.. all you talk about is poor wholesaler.. poor wholesaler.. when in fact if you just treat the seller fairly do not lie to them and or buy the property then resell.. then all is cool.get off your high horse .. your not correct in this one... there is so much that is wrong with how wholesaling is done in the current environment. it simply gives RE a bad name you have total beginners buggering up deals .. screwing up and taking advantage of sellers.. all for their own greed thats the simple facts.