Although wholesaling is a perfectly legal activity, you should avoid doing anything that may be classified as unlicensed real estate activities.

I classify it as part-time because I have declined trips and blocked out days because I use truck a lot too.

As far as, the market here it seems slow if you follow the classifieds but I'm not networked in the right crowds here to be informed with up to date material.

Section 469 of the federal tax code initially classified all rental properties as passive.

Section 469 of the federal tax code initially classified all rental properties as passive.

Now I classify myself as an anal conservationist but moderate on most other items. 

Your property taxes might be going up if a new plan passes.The legislative proposal -- which passed a key legislative hurdle yesterday -- would classify short-term rentals rented for more than 90 days per year as commercial property for property tax purposes. 

Section 469 of the federal tax code initially classified all rental properties as passive.

How are modular homes classified in the MLS or sold in the resale market?

I might be mistaken, but my understanding of the 1031 exchange (I just did one), is that if the relinquished property can be classified as personal residence (allowing for the residence exclusion), it would not be allowed for a 1031 exchange.