But they use BP for education, social networking with like minded investors and to help newbie investors.

We try to keep the Sold/Available status accurate by following up on deals on day 7, day 26, day 45, day 75, day 120, and day 160.

Congress (past, present & future) participates in Social Security.

Sounds like you need an S-Corp.I agree, though I would generally recommend an LLC electing s-corp tax status over an actual s-corp.

If you are holding this property for rental purposes and choose to go the LLC route, you should opt for the default tax status of a partnership.Your LLC will need its own EIN.In order to obtain your personal ITIN number, file Form W-7 Application for IRS Individual Taxpayer Identification Number.

You have to remember the county will recognize the residential vs. commercial status on the 1st of January of each year so you'll have to get the legal work done before the end of the year and then request the new designation from the county in the first few days of 2012.

10k+ in repairs needed to now bring out of condemned status b/c code really stuck it to her.

He spends holidays alone and the only time he socializes or goes to parties is when it involves his attorney, CPA, or somebody else on his payroll.

Does the current status even make a difference when wholesaling?

That's where I have the problem.Funding things such as social security makes Bernie Madoff look like a saint.