My name is Tim Wadsworth and I am the co owner of Anderson and Wadsworth Corporation.

I work with two local banks and one national bank and all of them will do a maximum 75/25 on investment property.

You could potentially be liable as an individual, without the protection of a corporation/LLC, and without the benefit of insurance coverage.  

If you bought this yourself and are not a corporation then I think this 20% would be income that could be taxed.  

It took me over 15 years working in the corporate world to come to that same conclusion so congrats on getting their sooner.Here's what I will tell you....wholesaling is a sales and marketing business.

He makes great points financially (Universal Law of Prosperity), and with telling insights to the current banking system both nationally and locally applicable.

A real estate broker, for the purposes of this article, is defined to be a person, firm or corporation who, for a fee, commission or other valuable consideration, or by reason of a promise or reasonable expectation thereof, lists for sale, sells, exchanges, buys or rents, or offers or attempts to negotiate a sale, exchange, purchase or rental of real estate or an interest therein, or collects or offers or attempts to collect rent for the use of real estate or solicits for prospective purchasers or assists or directs in the procuring of prospects or the negotiation or closing of any transaction which does or is contemplated to result in the sale, exchange, leasing, renting or auctioning of any real estate or negotiates, or offers or attempts or agrees to negotiate a loan secured or to be secured by mortgage or other encumbrance upon or transfer of any real estate for others, or any person who, for pecuniary gain or expectation of pecuniary gain conducts a public or private competitive sale of lands or any interest in lands.

I have no direct knowledge of their operations, so cant comment on what number of jobs are local vs national.

Lately, the management company has been telling us that the property has been treated incorrectly as a condo and not a coop, and that we need to go back to treating it as a cooperative corporation.  

, close access to National Parks, golf, fishing, rivers/lakes, bicycles, canoes, boats...et al?