That being said, I occasionally let something go that does not meet my long term criteria anymore and since I am an active, licensed broker, that pushes me even closer to "dealer" status even though on volume alone I don't think I qualify but that is neither here nor there as I am not going to change that status.What I am interested in Michael Plaks, is the devinition of "unimproved residential lots".

Anyone doing real estate at a high volume will eventually get sued over a contract dispute. 

I'm in sales now and deal with relatively wealthy individuals (dentists) on a daily basis and am very comfortable with large numbers, business analysis and some of the nuances of investing. 

Say I have $500k in my taxable wealth and $200k in a retirement account.I would put $250k into a diversified portfolio of index funds with a mix of asset types, but providing me the reliable liquidity of funds with high trading volume.

I understand your point about waiting until I reach a volume that it makes sense to walk before I run.Do you know what things we can do with TFSAs?

More hotels mean more volume means more opportunities to attract Airbnb guests. 

I listen to the Bigger Pockets podcast daily (as of this post, I'm on podcast #48) and I'm addicted!

Won't there always be a niche for people to work the low volume, run of the mill areas? 

Listing brokers make money on volume so love buyers specialists like me on the commercial side.Example on a 4 million deal I can make 100,000 or more and it's my company so I can keep it all.

But if you just want a high volume dialer or can get someone to help make phone calls and set appointments or push them over to a different CRM to continue the conversation.