You'll see most of the things that need to be done.......you have to notice all parties that the clerk noticed in their tax deed auction procedure, mong other things

I don't think this is a scam, but I am concerned with the underwriting procedures for their properties.  

Wholesaling, despite being possible, is a very delicate procedure in Germany.

This is a huge red flag, if you do not see it you will after they move in and this problem can become something big, all because you saw the sign and chose to ignore what it was telling you.If I were you, I would create a policy and procedure manual and write down like you are talking to someone that is going to take over your position.

A local attorney will also explain to you what practices and procedures you must follow in order to be sure the LLC (the LLC won't do you any good if you don't know what you have to do to maintain the protection it is intended to provide).

Currently I'm thinking about offering both debt and equity styles of investments, so I would like to find out the legal documents and procedures in setting up such structure.

They may say that they need to sell the property this week because they need the money for a medical procedure.  

Having processes and procedures in place to deal with the various curve balls that you encounter are essential.

Find out from the property manager what the procedures are for renting. 

creativity at its finest. great job.