I would also suggest speaking with other wholesalers in your area and ask them what they do to be compliant with the laws.

Wholesalers cold call sellers directly to negotiate contracts and buy/assign deals without a real estate license all the time however the state of Texas requires a license for any type of solicitation.Any legal work around that I am missing so I am compliant on this issue? 

Or if you are buying a $40M 200 unit property then you probably need to do a syndication with a private placement memorandum (PPM) to stay compliant with the SEC because you’ll probably have more than four investors.

I liquidated the 401k and transferred the entire balance to a sdira managed by a custodian to ensure I stay compliant with IRS rules.

But be sure to check your state/local laws and your own lease to be sure you’re compliant.

Why not hire a professional property manager that ensures your home is at market rate, that tenants are properly screened, the lease is enforced, problems are dealt with quickly, you are compliant with the law, and that can take on all the headaches so you can focus on more important things?

He's been super compliant and cool about everything so far, I just don't want to pay interest on a house I make no money on forever so I was looking to see if anyone had any ideas.  

This has been specifically blessed by the IRS to be 1031 compliant even though you are actually purchasing a membership interest in the trust that owns the real estate and not the real estate itself.Interesting statement about debt. 

Also, make sure you are Dodd Frank/Safe Act compliant. 

Most of my tenants are compliant and very responsive but of course there are a select few who ignore the emails.