It is somewhat known for drug deals, criminals, domestic violence, and we believe it is infested with bed bugs.

Right, because death, disease, drugs, divorce, and unemployment take November and December off out of respect for the holidays...

I just purchased my first MH (bank owned) and am in the process of selling it with owner financing...I assume that when the bank sends me the title, I will register it and pay the transfer fee (I don't yet have a dealer's license).My question is, when I sell the home, what do I do with the physical title?

I don't want to offend anyone but I see great parallels between RE and Drugs. buy low, sell high... buy and hold, flip.. middle manning (wholesaling), Consignment..etc.I'm excited to get in the game, learn new things and make money.

That’s why you see so few that smoke, drink, use drugs, or eat fast food.  

jenniferJennifer,You can deduct any true expense that was legal (not deductions for buying drugs, etc).Being able to deduct it on your taxes is not the only issue.

They will most likely tell you LLCs are great for passive investing and S-Corp for dealer status activity and wholesaling is dealer status activity.Also you may be using the word wholesaling wrong and meant to say assigning.

As long as there’s death disease alcoholism drug use divorce etc.. there will always be deals if you look hard enough

Does buying your first 4-8plex (also first out state) investment, only to later realize that its the town's functioning drug and prostitute house and count?? 

The other thing is that I co-own a small used car dealership so I am able to avoid the large tax/title fees I would normally have to pay without a dealers license.