At that point they are in direct dealings with the seller, not the wholesaler, correct?

It is an indirect learning more or less plus you are reaping the rewards of your investment.  

She hired her own inspector and he said the pipes were fine and that since they weren’t in direct sunlight the material was acceptable. 

Much cheaper than 100k in direct mailers. 

Assets associated with a series may be held directly or indirectly, including in the name of such series, in the name of the limited liability company, through a nominee or otherwise.

If your basement is conditioned space (heated - either directly or indirectly (i.e. the boiler, furnace lives there), then you will want to insulate the perimeter of the basement.  

We recommend avoiding such a transaction due to IRS risk and a real lack of clarity on the topic from the IRS or the tax courts.IRS rules prohibit any direct or indirect transactions or provision of benefit between a plan and a disqualified party. 

For instance, in this case, here are the key points:1 - Profit in rental REI is measured mostly in cash flow...POSITIVE CF.2 - PCF is the result of the spread between the income (rent) and outgo (expenses)...per month/year.3 - Profit is a measure of the difference between the positive cash flow, and the amount of cash you put into a deal from out of YOUR pocket.4 - Since the mortgage (interest and principle) is paid out of the rent, which is paid to you by the tenant, the mortgage is NOT a cost to you...but a cost to the tenant (indirectly). 

@Margie PierceYou are considered "disqualified person" to your 401k, the IRS rules are pretty clear: there should be no direct or indirect benefit to you from the retirement account.

They'll also look out for you and tell you to walk away from a bad deal, which I don't think I've ever heard any big national lender say (although I guess indirectly they do when the valuation comes back low).