ETC.When it comes to friends and family, if you can't afford to make it a gift you can't afford to get involved in it at all.

The full down-payment can also be a gift from valid sources:RelativeEmployer or labor unionClose friend with a clearly defined and documented interest in the borrowerChurch or charitable organizationGovernmental or public entity down payment assistance program providing home ownership assistance to low- and moderate-income families, or first time home buyers.

Then I would gift the income of the LLC to my parents.

(avoiding gift tax, etc) and we would need to keep it separate from his/her personal finances for accounting and tax purposes....Also, do things change if I have an LLC and use private investing the same way as listed above?

All contracts, options, or other devices not based upon a substantial consideration, or that are otherwise employed to permit an unlicensed person to sell, lease, or let real estate, the beneficial title to which has not, in good faith, passed to such party for a substantial consideration, are hereby declared void and ineffective in all cases, suits, or proceedings had or taken under this chapter; however, this section shall not apply to irrevocable gifts, to unconditional contracts to purchase, or to options based upon a substantial consideration actually paid and not subject to any agreements to return or right of return reserved.So i looked up the statute which i posted above and it seems that the legality can really depend on how a person is perceiving the the property that is being wholesaled.

The "skin in the game" should be that the PM doesn't get paid if the owner doesn't and get's fired if they do a bad job.How is a client gifting equity to a vendor "skin in the game"?  

I usually ask about savings, whether parents or grandparents can help, if they can sell valuable possessions or take second jobs, get grants, gifts, use trust funds, personal loans or co-signers, or a combination of these alternatives with a complimentary loan program usually gets the ball rolling.

The kid is gifted with numbers, just like her mother (a CPA).

My 40th Birthday gift to myself was taking the plunge.

All of this means that your paint and sheetrock will take 2-3 times longer than it would if you just painted the wall board.In other words, replacing all the sheetrock in a house is a gift that can keep right on giving... think long, long and hard before you go tearing it out!