@Matthew Irish-Jones thank you. i could do that. i was just trying to avoid going through that process, paying points, and all the other costs associated.

Being in the business making a paycheck is not really investing, but the term seems to be popular and sounds better "I'm a real estate investor".....no, you're a real estate dealer or operator.

Dodd Frank applies being a dealer.

Sounds like you don't have similar cases in your area.To tell you how ridiculous it is, a Mercedes dealer tried to have a parking lot across the street from him on a empty lot he owns, which happens to be in a residential zone.

If this is what you do and you are a developer/builder then you could be classified as a dealer with inventory so profits would be recognized as ordinary income. 

careful of taking an owner occ property and turning it into inventory.. talk to your tax person.you want to keep that 500k tax free in play.. the fact that your renting half maybe you only get half the tax treatment.and usually if you do less than 7 sales in a year your not considered a dealer.. but do check.. makes a difference on tax's  

The business ultimately failed and he leased the land to a used car dealer. 

Look up wall anchoring systems (Foundation Supportworks has good products, and should have a dealer in your area).

As someone who wholesales, what things can I say or do to make sure that I do not sound like a "dealer" when dealing with real estate attorney's and CPA's?

@Matthew Irish-Jones thanks for the response it was a no doc investment loan.