Is the strategy of wholesaling lease option contracts within real estate guidelines if the investor doing the wholesaling is very careful in the marketing and execution of the process to emphasize he is only selling the rights to the lease option contract and not selling the property both with the property owners and to the tenant buyers and also clearly states he is not a licensed real estate agent?

We've agreed on the terms of the deal, but I'm wondering about the mechanics of executing the deal.  

Professional landlord" is not a tax term, so I am not positive about what your CPA meant by that.I mentioned a single-LLC setup but he said that that would leave my houses just as vulnerable since they exist in the same corporate entity. 

If you buy it, you're not a wholesaler anymore.Here's how you do it:1 - Make the offer in the name of an LLC for $10k, thus the LLC is the owner of the "contract"2 - Sell the LLC ONLY (with the contract to buy as an asset of that LLC) for $15k (the profit you would have made if you had to buy the property first)3 - Buyer of the LLC (and the contract agreement/asset) executes the "contract" your LLC agreed to for $10kResult:1 - No money comes out of your pocket...ever. 

This is how nearly all big deals are executed.

OK I see in another thread your asking about lease options.. and probably sandwich lease options and your lawyer is sizing up your financial ability to execute on your contract when the person you lease to stops paying you which is highly probable.. so that's probably good advice unless you have deep pockets and can cover a mortgage or lease payment for the time it takes to evict have the money to rehab the house once the tenant trash's it and then lease it again.most who try these schemes do it because they lack capital and undercapitalized investors fail most every time.this is what the lawyer is thinking.. how to you get through a default.

They’re both executives can I legally close this deal it’s a really good deal for my first flip.

Account Closed Yes, normally a memorandum of contract would be filed when you execute your contract. 

Said lease/rental agreement for the property located at__________________________________, shall become null and void, once consideration has been given and terms and consideration are complied with, as described below, and this document is executed by all parties.

In order to execute the loan we have to personally guarantee the loan.