Would it be possible to procure a contract for the purposes of Wholesaling Real Estate from you?

(8) Assists or directs in procuring or referring of leads or prospects, intended to result in the sale, exchange, lease, or rental of real estate

I might allow them within the lease, with the tenant being responsible for procuring, maintaining and securing the units if they so chose to get them. 

A judge would understand that the tenant requested the long term contract in order to procure long term security and stable rates and could have easily signed a shorter lease without these conditions.

I assume others have similar mentalities.

"Real estate broker", hereinafter referred as broker, anyperson who for another person and a fee, commission orother valuable consideration, or with the intention or withthe expectation of upon the promise of receiving orcollecting a fee, commission or other valuableconsideration, does any of the following:- sell, exchange,purchases, rents or leases, or negotiates, or offers, attemptsor agrees to negotiate the sale, exchange, purchase, rentalor leasing of any real estate, or lists or offers, attempts oragrees to list any real estate , or buys or offers to buy, sellsor offers to sell or otherwise deals in options on real estate,or advertises or holds himself out as engaged in thebusiness of selling, exchanging, purchasing, renting orleasing real estate, or assists or directs in the procuring ofprospects or the negotiation or completion of anyagreement or transaction which results or is intended toresult in the sale, exchange, purchase, leasing or renting ofany real estate.

As we both have full time jobs, we have agreed to scope of work, but he will be responsible for bringing in the architect, hiring all subs,  filling all permits, procuring materials, oversight of all inspections and day to day oversight of all the work.  

If a property manager is going to rent, list, collect rents, procure prospects or negotiate, assist, or offer to perform any of those acts, he or she will need a broker's license.

Developers frequently raise the bulk of the equity capital, supply some of their own, and procure the financing for projects; often guaranteeing the debt.Instead of fully marrying one individual to your LLC that has a solid balance sheet to provide this support you may consider JVing with them on each individual transaction instead.

If I want non-recourse debt because of the inherent put option I will go out and procure that debt on my own.