Bill Gulley a lawyer I once talked to said it is good to do flips in a C-Corp because you avoide something called "trader or dealer" status.

Overall, I think the Yancey group is very greedy, all they want is your money, they did not care that we just paid $2k, they are asking for more money eventho no one has closed a deal.

He also advertises in the Eagle and the Trader as buying properties fast.

I would try to negotiate with the sellers but wouldn't get greedy, try to be the answer to their problem and give them a very attractive solution.This is assuming all the research checks out and the probability of renting the units is good.

I called the bank & notify them.How he get caught.He get caught when he gets greedy; wanting to get cash from Pay day loan branch. 

The problem is if you're consideried a "trader," you might owe 15.3% SE tax, Fed, and state (if applicable), and 3.8% medicare/obummer tax depending on your circumstances & income..

Also, if the trader (I am assuming it isn't a commodity trading advisor) is handling all of the trading, I assume this is a discretionary trading account.

Don't be greedy with your wholesale fees...leave "meat on the bone" for the investor who will be assuming all the risk.And, you don't need tons of buyers. 

Etc, etc.Urban homesteading ended up failing because governments got greedy.  

As a wholesaler, you don't want to be greedy, leave enough meat on the bone for your investor so he can pay you your fees and move on.