I had a good friend who was trying to fund a gold mine purchase with private in esters and when the deal went bad and the investor lost the money the courts said he was selling securities without a license and some other stuff and sentenced him to 14 months in federal prison I would really like to avoid that.

Originally posted by @Dan Smith:You are describing the issuance of a security which is a somewhat heavily regulated activity (in some cases both at the federal and state level).

You will have one federal tax return and one tax return for each state that you earned income for that tax year.Again, I am no lawyer or CPA, so I recommend consulting with professionals that actually know what they are talking about.Good luck!

“We have said before that firms would need to improve their operation or exit the market, and we are now seeing that happening,” said a spokesman for the FCA.QuickLoans.co.uk, one of UK’s biggest payday lenders has already left the market, according to it’s recent announcement that it will stop offering payday loans because of the, “continuing, even increasing threats of political interference by the Governments.”The same has been seen in the U.S. with federal government interference in lending under Dodd Frank with the creation of the CFPB (Consumer Financial Protection Bureau).

Especially someone like Joe who makes statements about his investigating skills like "I have what I need at my finger's tips from the city to the federal level".

So in brief here is what i had find:       I had spent a couple of more hours looking at the "Legality of wholesaling in Maryland" and the more I had looked the more I realized that most of the articles on  Wholesaling  are just views of opinions of individual authors, passing moral judgment (in some cases for good reason) but as far the law concerns, I could not find any EVIDENCE that wholesaling would be illegal in Maryland or on a Federal level.

After all tax deductions (i.g. depreciation, interest, insurance, condo fees, local taxes etc.) the taxable income is $2,269.

If so, then the taxable value will adjust upwards to match sales price over time, sometimes 1 year, sometimes no more than 10% increase per year.

The property manager provides me copies of the applications, but recently has stopped including the credit reports due to apparently new federal laws.

There are lots of people more intelligent than I who could provide a far better answer.If I had to guess, a federal-tax free bond fund (e.g.