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You're only limited by the number you own.
This is a joke and is now way supported by any law or legal knowledge
No limit / no paperwork just dont be doing it for making a profit like a busness. Some may argue if you have more than I believe 25 for sale at one time it could be considered a gun show which would require doing BG checks.
Q: What does engaged in the business mean?
The term engaged in the business, as applicable to a firearms dealer, is defined as a person who devotes time, attention, and labor to dealing in firearms as a regular course of trade or business with the principal objective of livelihood and profit through the repetitive purchase and resale of firearms, but such term shall not include a person who makes occasional sales, exchanges, or purchases of firearms for the enhancement of a personal collection or for a hobby, or who sells all or part of his personal collection of firearms.
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There are laws governing the amount of money you can make like deadeye said. Most states require you to make more than $2000 profit before you must claim on you taxes. Once you reach that limit you may be concidered a dealer and may have to aquire a liscense. Best bet is to check with your local ATF Rep.
My Gun club won'y allow more than 25 guns at our swap meets..