BTW Im very open to any suggestions on this outline

Great place you have here.My basic plan is outlined above.

It can work and I've done it, but the property is titled into a trust with outlining trust docs and partnership agreement.

I think you provided good answers to some of the problems I outlined.

I was going to say many investors get paid on hope and a prayor, but I see your question was more involved.Will outlined it well, just don't let a note lender be allowed profits too, that profit sharing is another animal and is a partnersip arrangement, keep a lender as a lender.

Take a look through your lease agreement and see if there is a cancellation policy outlined in there.

How they massage the rents to the LLC is out of my scope of knowledge.Any cleaver contract language that could structure the deal as I outlined in the first post?

A triumphant post outlining the details of my very first wholesale deal and what an unmitigated success it was.

I wouldn't have a problem doing it at all, but I certainly understand those who don't have sufficient experience with off center deals would not want to get involved.As each state began putting out their version of the SAFE Act I didn't keep up with all the variations, so it's best to check in your state law.From my last reading of the federal outlines, it appeared to me that the MLO was going to be about the same degree of difficulty as a real estate broker's license.....not much.

Also, you’ll probably want to come up with a simple contract that outlines how the deal will work.