For practical purposes, the bank wouldn't really care whether you gave yourself a W2 or kept the money in the LLC.

I am an 18 year old college student and new to this website.

In my opinion, I'd call it fraud, although technically, it may not be.So for me, your business practices don't meet my standards for anyone I will do business with, or who I will refer my clients too.

If you practice wholesaling like 95 percent of people on BP and not actually buying the property you will be practicing real estate without a licenses but that doesn't matter because you won't get caught and the government doesn't have the resources to go after you.

I'm currently a Junior in college in the Northeast, but Charlotte is my home and I'll be moving back there after I graduate. 

., near shopping and a college) and it would probably rent pretty easily (once fixed up) for $1100.00/month.

We're practically neighbors, as my husband @Darrin Carey and I are in Beavercreek.

They purchased  new home from the builder that practically gave the home away.

Banks don't accept payments as a general practice once they are behind anyway.If the seller also can demonstrate financial hardship, they may be approved for a short sale like @Jerry W.points out.  

There is no way that I'm going to dig up court findings that may be filed or related to "predatory" practices arising from torts.