Alternately, partnering on longer-term real estate investments offers distinct tax benefits and greater returns, that the two of you might consider.If your dad has idle money in the bank, or perhaps in a tax-deferred or tax-free self-directed retirement plan, an 8% - 10% loan could make some sense, but not if he has to borrow the cash.Jeff S. – Private Lender in Los Angeles

That seems to be a key area of misunderstanding here, the distinction between proper wholesaling and unlicensed brokering.

Really two flavors. 1) Someone that has the largest HELOC they can get to use as unemployment insurance. 2) someone has the largest HELOC they can get and peg it from day one. 

Not getting my hopes up about learning anything ...and fully prepared to have lots of people trying to sell me different flavors of snake oil.   

Obviously, there are less home buyers buying fourplexes rather than SFR or duplexes, but I'm not sure why the bank cares as long as it counts as a comparable unit.I'm not trying to sound contradictory, I just still haven't fully understood the distinction yet.  

It really needs an in-depth discussion with a tax expert specializing in real estate.There is a major distinction between a developer and an investor for tax purposes:Developer buys, subdivides, maybe builds and sells.

Not to hijack the thread but I see newbie mistakes of a different flavor in my high appreciation market . 

Agree with @Carl Fischer that you should engage a tax CPA or EA to examine your unique facts and circumstances...However the distinction between who owns the roof is important and determines tax treatment. 

Those are 2 very distinct things.

If you know what you want to do, then read the titles of the episodes and the show notes and you will get a flavor of the topics.