At the time, I was busy with my budding IT career, my wife had a good career in finance, we had several other rentals, and to manage a gut rehab and manage rentals was way too much to handle.Let me ask you, did the buyer who paid $500K and I both did OK given the circumstances? 

but my point is not whether wholesaling may or may not violate a particular real estate commission regulation - its whether there are circumstances where it provides value and benefit to the property owner.Much of the laws and regs regarding license requirements as to wholesaling rely on INTENT.  

You might want to look at single families with an ADU (accessory dwelling unit) often called in-laws as your circumstances may be a great fit.

It can be bad because bankers look less at the individual borrower and their individual circumstances and they look more at the results of the algorithms that the computer gives them that decide whether or not to lend to someone.

The more money I have, the better chance I have of teaming up with other like minded whales of similar financial circumstance.

But that doesn't automatically make it the ideal financial move for every circumstance. 

1) By Opportunity Zones, I meant C/D class neighborhoods, although I can understand in these types of neighborhoods there could be some significant challenges with other extraneous circumstances.2) That makes sense about the zoning and is very good input, thank you!

So to you tax pros, how about this situation:CA is the location of sampleHusband and wife own/share the S Corp 50%/50%.Only one spouse is licensed, but licensed also holds a full time job elsewhere outside of real estate.All commissions are paid to the S Corp and costs of doing business (photography, marketing, office, legal, travel, auto, gas, accounting, etc) are paid from the company account.In such circumstances, are you all saying this is or is not appropriate from an IRS, legal, and tax standpoint?

The lender has the right, but not the obligation, to call the note due in such a circumstance. 

I'm posting this today to gauge where I stand with my current circumstances and to ask what you would do if you were starting out under the same conditions.