(note that I am not a lawyer, and you should always consult one before making any decisions)1.

I told her that I know of lots of scams like this and I would like to consult with my lawyer.

For more static assets, this can be a good model.Retirement plan facilitators and consultants offer more sophisticated programs that provide you with checkbook control.  

Wow Teamgreat advise I just sent an email to my tax consultant Thanks for you help

I'm a 25 year old risk consultant born and raised in Pittsburgh, PA.

As someone noted above, if you're unsure whether you're a dealer or investor, you should consult with a tax professional as to your specific situation.

You will need to work with a HUD Consultant who will do a work write up on the property showing the proposed work that's being completed, then that information will be provided to the appraiser who will do a valuation based on the after-completed repairs.  

Since you're not paying a mortgage pro for consulting, it's in their best interest to give you a solid plan so you're successful.

@Geetika Casmon before you go through the hassle of forming an S-Corp for tax purposes, you need to consult a CPA who will help you determine a "fair wage" and then if it's even feasible to go the S-Corp route.

You can also ask your partners to write down what they thought their responsibilities were.As an example, a group I consulted recently had someone whose task was marketing leads, another was doing the flipping, and another was selling.