I don't believe being an agent that actively sells houses helps your investing much.

If you are eating beans everyday and have nothing to spare, get a position or work that pays better first, RE is not an immediate income producing activity that can be entered into without a dime in your pocket.

The system is linked with the NYPD to verify any criminal activity or fines that may hinder us getting those licenses or when something occurs on the job, they'll know whom they're coming after. :-) Every job must be bonded or in a Home Trust escrow through the Dept. of Consumer Affairs.

Capital and equipment.If the gross receipts and profits come from items 2 and 3, then that should not be associated with the shareholder-employees personal services and not be allocated as compensation.On the other hand, if most of the gross receipts and profits are associated with the shareholders personal services, then most of the profit distribution should be allocated as compensation.It seems to me that if you use a S-corp, pay yourself only a small salary, and are very actively involved in your flips, the IRS can step in and reclassify most of your pass-through as wages.

Hey Perry - Good questions and it looks like you are getting active on the site.

Even if you follow those guidelines the ultimate decision rest with your brokerage and what kind of liability they want or will accept.The activities you are wanting to do may not be covered under their E and O policy or the brokerage may simply not want you doing these types of activities.

One with the "one at a time approach" and one with 4 active mortgages at a time.

BP is also a great networking tool, and if you stay active you will likely find several investors local to you who will be willing to sit down and discuss the local market with you.

Are you seeing anyone in CA actively using any of the strategies you mentioned? 

I am willing to be patient but want to start actively working toward finding a property.