Although less strict that what is required of a public offering, raising capital for syndication or similar deals still requires the proper framework and legal documentation.

Cut the ties that hold the chain link to the poles & framework and roll up the section that you want to move.

I am just learning about wholesaling and I wanted to make sure that I understood the framework of the process.

The purpose of these statutory frameworks is to prevent people from coming in and "helping" the homeowner by taking all the equity.

Of course this must be done within the framework of the laws, but I believe you get to decide what you think is a fair split, and then offer that to the investors that are interested. 

This is just my mental framework for thinking about the business so take it with a grain of salt.

OMG that frame work....classic! 

Upon their arrival, they notice that there was some frame work that was done up there and they call the building inspector.

@Steve Podwojski Going from a multi-member LLC to a single-member LLC does not spark an audit in and of itself as long as you treat it for tax purposes within the framework of Revenue Ruling 99-6, which is the IRS' guidance for this very situation.Are you buying out the other members for cash? 

I am starting to think about the proper legal framework on my rentals to protect my personal assets/credit (such as an LLC, S-corp, etc.).