Research a term called "procuring cause"Trying to circumvent listing agreements for sale or listing agreements for rent is not a good idea. 

Seems like a very bad idea...f) Don't bother with setting up LLCs for now, perhaps wait later for better economies of scale compared to the cost of procuring an address

You're just the 3rd party buyer's "procurer".

Now considering that the terms of partnership are such that I procure capital and he puts in the sweat money, and we split the profits.  

I am an agent with my license hanging in Colorado, Can my clients LLC use me as their buying agent for a property they want to procure in Utah? 

As for the LLC, if you're seeking residential financing (which is easier to procure, and cheaper), you will not be able to have the LLC be the borrower or holder of the deed/title. 

I'm definitely seeing that not all wholesalers are wizards in procuring deals.

Correct, if you want to procure a conventional, agency loan (IE, Fannie/Freddie) at the lowest rates/fees, you'll need to quit claim deed the property from the LLC to the individual borrower(s) name(s). 

Door knocking should be a means of last resort in procuring leads....Door-knocking team sounds cool in theory but as a former doorknocking realtor myself, I can't see how effective this could possibly be,

For instance you will help procure the new renter and only be charged half a month rent as a penalty for breaking your lease. if it doesn't try to renegotiate the lease.