The chat with the founder/ceo went quite well and he seemed like an honest person. 

A percentage of this number is then used to determine what portion is related to the ADU vs the portion of the property you're using personally.

Personal service activity w participation in last 3 years.7.

Two reasons could be renovations or the need to personally occupy the unit.

And yes, the entire argument around wholesaling everywhere is that most laws that are being pushed against it (In the states where they are) are because of practicing real estate sales without a license.I am an attorney, but I don't give legal advice on here and never said I was giving legal advice so not sure where you came up with that, but your attitude suggests you will be part of the 99 percent of bad wholesalers who are out of business quicker than an eye blink.You are asking a lot of questions, which is good, but you should be asking them of local wholesalers in your area, in person, so you can see what they do versus what everyone on the Internet tells you.

I see you're a real estate agent, but do you invest in real estate personally as well?

Quote from @Sanjay Bhagat: A investor in syndication invest in the person more than the deal.

I'd also buy/sell it in person before the IRS started cracking down.I only had one person pay in BTC. 

I would encourage you to look outside of Austin since going there shouldn't be too difficult if you need to do something in person, you can even drive some of the areas yourself and do your own evaluation of it. 

Over the years I've noticed that it's very helpful to simply go visit in person your city of interest to get a better understanding of the market and the people that live there.