The only Sched C income I put down was a wholesale assignment, the others are flips and rentals which I put on Sched E.Real estate professionals use Sch E and pay No SE tax. 

Been predicting this for 3 years now.Now mark my words. 2 years from now you will se people saying.."

which "Paycheck parking" all your money back into the policy to pay off the loan although most ppl only use it for big ticket items like cars or big vacations, education etc. this goes for WL or IULFor Maximum Cash Value your really not trying to use the policy as a "bank OR DEATH INSURANCE " per se but infact you design the policy to give you Maximum Cash Value to be withdrawn TAX FREE in retirement there are three fights going on in this financial product space 1 is the WL vs IUL debate (which is pointless they both have +'s and -'s ) really comes down to risk level.2 is Should you be using your WL / IUL policy as a bank (inf or BYOB or 7702 acct) or for Tax free income during your Retirement years.3 Which is MY argument ...Why can't you have BOTH WL IUL why cant I use my WL / IUL for inf banking and Tax free income in retirement ...the answer is YOU CAN!!!! 

I live in KC which is a great market for long term rentals and multi but short term rentals in KC doesn't excite me. 3 hours SE of us is Lake of the Ozarks/Branson which are beautiful and perfect areas for it.

So I'm not talking you out of it, or into it per se.

Not illegal per se, but title companies won't do them because they can lead to all sorts of lawsuits involving disclosures and diligence.

I've never bought into the whole be a rich REI with no money or credit with very little risks.After 5 years of keeping my head in the game, now, I'm more experienced, per se.

Since I have never did a campaign I sort of wanted to take a "test drive" per se and get the hang of things before I spent more money out of my budget.

This thread has definitely run away, but amazingly still on topic, most of the time.Anyway, getting a license in my opinion is the best option, unless you do one of two things, if I followed the findings/advise on this thread correctly:1) Buy outright and then resell, (L/O, Wrap and Subject To was also mentioned but doesn't require purchase, per se), as in flipping.

I'm connected on LinkedIn with the Executive Sales Association of America, and even though they're not in real estate per se, when you're marketing, the statistics seem to show that you'll get a response on the 5th or 6th touch/meeting.