The only Sched C income I put down was a wholesale assignment, the others are flips and rentals which I put on Sched E.Real estate professionals use Sch E and pay No SE tax. 

I am very familiar with the SE markets and can help you find the right turnkey company. 

I help investors build real estate portfolios outside of CA predominantly in the SE markets. 

Been predicting this for 3 years now.Now mark my words. 2 years from now you will se people saying.."

Sorry for the mistake, Joe is right the ownership is transferred and not sold per se.

I was not concerned with profit per se.

I've never bought into the whole be a rich REI with no money or credit with very little risks.After 5 years of keeping my head in the game, now, I'm more experienced, per se.

Since I have never did a campaign I sort of wanted to take a "test drive" per se and get the hang of things before I spent more money out of my budget.

This thread has definitely run away, but amazingly still on topic, most of the time.Anyway, getting a license in my opinion is the best option, unless you do one of two things, if I followed the findings/advise on this thread correctly:1) Buy outright and then resell, (L/O, Wrap and Subject To was also mentioned but doesn't require purchase, per se), as in flipping.

So I'm not talking you out of it, or into it per se.