A legally suited detached with garage is around the $375k - 450k point (in decent shape). 3 bedroom, 1.5 bath main floor around 1100 sqft can rent for $2000-$2200 a month (utilities included). 3 bedroom, 1 bath basement can rent for around $1600-$1800.

In CHS, the county assessor has a two page form that you complete and file with the assessor's office, similar to applying for the legal residence exemption. 

I would visit https://syndicationattorneys.com/ for all the info you'll need on legal.

That being said, I don't believe wholesaling is legal in every state so understanding laws surrounding that before you jump in will be important.There are definitely a lot of bad wholesalers out there!

I have not seen it but recommend that you seek legal advice. 

For instance, we tithe using cash and we use prepaid Visa credit cards, we don't take a tax write off for it and no one but me and my wife knows how much or where the money gets given to.

Not only must you know real estate laws and business, but you also need knowledge of the legal intricacies of foreclosures, divorces, probates, etc.

As long as it is legal.

However, I want to ensure I'm properly structuring deals, receiving legal and fair compensation. 

To see significant tax saving, the management income has to be significant so.The bottom line is that PM would be for more legal reasons and not for tax reasons.