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.Seems like this was written specifically for wholesaling.

I think that is what frustrates me with finances is that the best strategies are only in reach or best suited for the wealthy (ie irrevocable trust or infinite banking).

(e) Unaccepted, recorded, irrevocable offers of dedication of the property to the public or a public entity for a public purpose, and recorded options of any taxing agency to purchase the property or anyinterest therein for a public purpose.

I am still waiting on FSD, to stop trying to kill me while driving.In my humble opinion, two significant developments have irrevocably reshaped the real estate industry:The widespread adoption of remote work has fundamentally altered the valuation of land.

It's my understanding that the trust has automatically become an irrevocable trust upon her death and my plan is to obtain an EIN for the trust. 

This is a loan made to an irrevocable trust, if that matters.   

Question regarding a property held in a irrevocable trust.Home value is $750K, owned outright by the trust - no mortgage.A family member lives in the house, no rent is charged.Meanwhile, the trust is paying for the maintenance, repairs, insurance, taxes, etc.In talking to my CPA (who does not seem versed in this matter) I am told I cannot write off any of these expenses, since there is no income to write them off against?

Put the house in an irrevocable trust (children as beneficiaries) and pass it to your children when you die thus avoiding estate taxes and not subject to Medicaid estate recovery.This assumes Proposition 19 or new restrictions on passing real estate to your children, which seems to be a government sentiment to tax estates more on wealthy.

Would it matter if the trust you setup is Revocable or irrevocable? 

But, he said that single member LLCs do not offer great protection and so to make it multimember I can have an irrevocable trust own 1% with a charity as the beneficiary since I don't want relatives to be involved.