If you have a truly "silent partner" you had best engage an SEC attorney because you have created a (small) syndication. 

Your goal of 100 units by the time you separate is great, I would also like move in that direction before I leave active duty. 

I understand this is the way syndication works with multifamily properties because the operations are generally only a few people, however, in senior living, the operations are much larger and more litigious because we are providing 24-hour care, medication management, meals, transportation, activities, etc. 

They attempted to prevent this by asserting that wholesaling is an activity that requires licensing, because licensed agents are much easier to regulate.

Luckily, I am actively researching the ins and outs of REITs and PE real estate deals (both of which I encounter often with work).Main Point: I would like to get into real estate investing, but I don't know if I should utilize my career CRE learning and enter that space first, or start smaller with residential.

As I will not be living in the area it is imperative that I have a solid and active team on the ground, and I'm looking to connect with folks who have a deep understanding of the area and would like to do work together. 

So I reached out to the bank and they said that they do not lend to LLCs and if I transferred the property into an LLC they would activate the Due on sale clause.

I bought a 2-family in Albany in April, and have been actively looking for my next (I have one under contract right now).

I’m actively getting scammed from them right now.

In fact, most states probably consider wholesaling an illegal activity because wholesalers are not licensed to sign contracts on behalf of others, yet that's exactly what they do.It's very difficult to catch someone in the act of wholesaling, particularly if all parties agree to it and there are no complaints.