I would suggest a local attorney well versed in your state's interpretation of 'bird dogging' (or 'finder's' compensation) and 'wholesaling' (routinely called unlicensed principal 'brokering' by some).

Much is subject to interpretation and as Dale noted if you get a judge that's pretty cut and dry then all hell may break loose.  

Your interpretation implies that I'm saying be dishonest unless challenged which is not what I was trying to convey and my post dealt with a lot more than what you gleaned.

If you need help interpreting it, either post here again or speak to the town planning department.

@William HochstedlerI hope you're not interpreting my "have you considered" as "YOU MUST!!!!".

Even if you worked for free it could be interpreted that you provided value in the form of a service to the SD IRA.

I'm trying to interpret what the question is.

You're in the right place (you can interpret that to mean Boise, Bigger Pockets or both :).

when you say flip- are you talking about flipping contracts as in wholesaling (my original interpretation) or flip as in fix n sell? 

The GREC does not generally interpret legal matters and will always say NO to err on the side of caution.If this is going to be a big part of your business you might want a legal opinion letter from an attorney standing by the structure and disclosure they are telling you to use.