Do they say that about Bankers, Grocery Store Owners, Doctors (well maybe doctors..bad example) plumbers, etc?

Isn’t it a bad idea to have real estate of any kind in a S Corp, too many tax issues??

All this makes it sound like it's a bad Wholesale deal.

If you buy a deal that can't survive a correction, it's a bad deal.if it's a good deal, buy it....buy it RIGHT NOW.Passing on opportunity is FAR more risky than anything else.

I started diving more into the financing side at the end of last year and became a commercial and hard money broker.I've seen a lot of loans (on good deals) rejected due to these reasons:Not enough down payment / liquidityLack of experienceBad creditCitizenshipI feel bad when there's a good deal (70% rule, sometimes 60% rule) and the borrower loses it because they can't get financing for it. 

You will be surprised at how much inspectors and city officials want to be acknowledged and not simply seen as the bad guy....in most cases they are not the bad guy....but that is sometimes the perception.  

Of course, that is one of the things that gives wholesalers a bad name in the first place.

well then if its zoned for that and utls are there then carry forward.. its pretty tough in our markets though with build cost to make sense of building a duplex.. vis a vi rent.but I don't know your rental rates.. building costs are 100 a foot  so probably 300k or so to build it to rental grade plus lot.. so maybe your all in for 400klets say rents are 1500 a side  that's not bad..

Neither of the options you presented are necessarily good or bad, it all depends on the PM and their abilities.

But in the same breath its kind of simple.