Also, I've heard a little bit about being deemed a "property dealer" by the IRS and it has me nervous.

If you are a wholesaler, the IRS considers you a dealer anyway.Reason for the LLC is liability (protect personal assets in the event of a lawsuit) and ability to have expenses offset your income.

I have been taxed as a dealer.

The firm MUST be a licensed Broker/Dealer and you MUST have a Private Placement paperwork including your subscription documents and prospectus.

I'm a black jack dealer and we can leave early every night if we want, but you don't make any tips if you do that.

Aside from all the obvious issues Bill has so accurately pointed out, raising medium term capital without the help of a licensed securities dealer is VERY difficult.

Northwestern Illinois has traditionally been a good market for Lonnie Dealers as there are absolutely no street dealers in that part of the state, and smaller communities do not have strong sales programs to control their infill needs.

I don't think I would go sell 10k + in precious metals to a dealer, just me.Sam - I really like your thinking.

At the heart of the issue is are you a dealer or are you an investor purchasing to rent that sells a rental.

Being authentic and honest and being a shady wheeler dealer is the best way.