Read the statute yourself, regarding the reinstatement.  

Some states specifically address wholesaling within their statutes; however, Michigan does not.

Check out local statutes to be sure you do what you need to do as a landlord, in MO we have to send a copy of a deed in the new owners name to the tenant, you don't want your case thrown out on a technicality if the tenant becomes a problem.

I believe NV was the first, or at least one of the first ataes to adopt LLC statutes and as they became known as a Nevada LLC.

Not all state's LLC statutes are created equally.

While I certainly do not claim to be intimately familiar with the licensing laws of all locales, I disagree with REI and Ohio.The statutes in the states I have operated did not preclude you from acting independently as a legitimate investor.

If I want to exchange for 4 it is not feasible with the statutes, rules etc.  

Private lenders can have their own requirements, as can hard money lenders, or any non-traditional non-bank  direct lender, as long as it doesn't run afoul of state/federal statutes and regulations.

You might check the statute to see if it includes safekeeping of the property.Do you have any invoice from a company to prove the expense.I'm thinking you can't probably pay yourself.I say control the transaction....Have your title attorney prepared the closing statement, include the charge and the invoice from a 3rd part, threaten not to close if they don't sign and pay for it....if it is worth it to you. 

If so, where could I find support for such a requirement in the Rhode Island code of laws/statutes/etc.?