And agents are legally prohibited to engage after closing - at least per Wisconsin State law. 

So, many landlords legally "bribe" these S8 tenants to move into these Neighborhoods/Properties with free appliances, TVs and internet.

@Zach HowardThere is no legal requirement for landlords to actually witness lease violations firsthand.

One common approach is to form a legal entity, such as an LLC, where both of you are equal partners.

Isn't it unlikely that a homeowner who cant afford a 2-3k tax bill would even challenge this legally?

I know it’s no longer legal to do wholesaling in SC but let’s say you have the money to buy the property and you can turn it around.

This is for basic informational purposes I am not an attorney and this is not legal advice.First, if you offer to purchase a property using a HELOC to fund the purchase you cannot later back out of the agreement because you couldn't find PML or investors.  

This is not tax or legal advice, just what I personally do, consult your professionals! 

Clear financial separation ensures all rental expenses are deductible, maintains legal protections, and simplifies tax compliance.This post does not create a CPA-Client relationship.

Just a worthless piece of paper that validates a promise (legal obligation).