Google "Lonnie Dealers" for some ideas on how to do this.Good Luck!

A few months later the mobile home dealer came and hauled the home off, saying they were the legal owners of the mobile home.

You lose that privilege when that is your primary business, or you've don 2+ transactions and the IRS considers you a dealer.

Go online every other day and read the Irish Independent newspaper.

But, I love them all, someday it will sink in......I'd hope....for most not....poor kids and the wheeler dealers !

Well, as a park owner and a lonnie dealer, I do not allow non owner occupied units either.

I did get one from a mortgage company and sold it to a Lonnie Dealer to rehab & sell.

If you elect to classify your entity or if the IRS elects to classify your entity as a "dealer" then you will lose some of the major benefits of non-dealer status (real estate as a capital gain or loss, depreciation, installment sales, and 1031 Like Kind Exchanges).

That's equivalent to having a few properties and having something horrible happen (like the poster who bought the duplex, discovered a drug dealer lived above her, ended up living in her car because she was so afraid to go in, and spent thousands of dollars getting rid of the guy).

How does contract assignment relate to IRS real estate dealer or investor status?