You said you're local, would you happen to know of any good attorneys or layers I'm the area??

The new LLC is meant just to bring up much more transparent with accounting and adds an additional layer to both parties, it may or may not be used for a repeat transaction.

I have several layers of protection.

This adds a layer of liability protection for my benefit.

As Hasan mentioned, reputation is vital in any business. 

The lender requires whatever amount of downpayment and writes a note for the remainder in exchange for the mortgage on the property.In the case of a wholesaler, your payment is usually layered as a markup on the price of the property, so I guess you would need to ensure the downpayment made by the buyer was sufficient to cover both the downpayment requirements of the vendor and your markup.When you start doing this, it kinda makes your payment look more like a fee for service or commission.  

Monday I talk to a carpet layer.

This normally happens with roofs with 1 layer that are asphalt shingles and some flat roof systems. 

Having the borrower, or members of the borrower when the borrower is an entity, sign a personal guarantee adds an additional layer of security for the lender.

I do feel that networking is vital...love this site...