Actually, the way you describe SubTo can be called "equity skimming".

So the lender is in the clear and Lendbase isn't actually the lender.  

I am from there and am actually moving back.

The last few years have been great for investors/homebuyers who bought pre-con, but looking back to the few years after the 2014/15 boom, this wasn't the case, where many had actually committed to buying a property that wasn't quite worth what they signed up for closer to closing because the appraisal weren't matching the contract price, requiring a cash top-up.

After 20+ years in real estate partnerships, here's what actually puts you on the IRS radar (and what doesn't):REAL Red Flags That Matter:The Partner Complaint TriggerDisgruntled partner files Form 8082K-1 disputesPartnership disputes leading to tax filingsReal Impact: Instant IRS attentionSuspicious Loss ClaimsLosses exceeding investmentArtificial basis inflationSudden large losses without economic realityExample: $100K investment claiming $500K lossesRelated Party GamesCircular property flipsBelow-market transfersFamily partnership schemes without substanceWatch Out: IRC §267 and §707(b) violationsDebt Engineering Red FlagsBasis inflation schemesArtificial guarantee arrangementsPartner debt shifts near year-endCritical: IRC §752 compliance matters!

I’m looking for insights on which states allow you to list a property on the MLS as soon as you have it under contract—but before actually owning it.I know that some states have strict regulations around wholesaling and marketing equitable interest, while others allow it as long as you disclose your intent.

Your realtor can give you all the actual sales comps to help you see the difference between the listing price and the actual sales price.I however do have a little contrarian advice. 

The actual mechanism for moving the LLC would be best to consult an attorney or tax professional.

I try not to let it get personal...there are some members that have been 'inappropriate' in the past, but I will still give them a vote if their post actually deserves it

What other costs are actually there that aren't coming up in my search that don't exist when simply filing for exemption?