There are changes coming regarding how a contractor is defined and it is most likely that those investors who like to flip houses for a living may be affected. The link below is to the document in play in Washington State.
http://www.leg.wa.gov/pub/billinfo/2007-08/Pdf/Bills/Session%20Law%202007/1843-S.SL.pdf
For a synopsis of what all this means from a real estate attorney’s point of view read the following post from Russ Cofano over at Rain City Guide. http://www.raincityguide.com/2007/10/03/are-you-a-contractor/
