I always use 49/51, so one party can buy-out the other. from what ive understood, if you have 0 income on c/s corp level, then its 0 tax on that, therefore you only pay personal level. if you hold something, it is 15.xx% difference. but, in my opinion, llc is all the same, just that not a lot of paperworks and can be taxed upon election of your choosing. llc is less paperwork compliance, so it would be great for somebody who will be busy starting a family.

Also, I hear the term "wholesale" a lot but I've never really understood what I meant, can you explain it?

I always make sure the scope of work and amount we agree on is fully understood by both parties. 

When we expressed our goals to the Rabbu team I felt like they really understood.

I never understood how taking people out to lunch gets you anywhere.

Understood.

He also understood that the true value in the building could only be realized with proper management and he set about getting that into place.

The GCs who were responsive, understood the 302k process and could support it financially, provided me with their license/insurance info and references are the ones I will invite to bid once I find a property I want to put under contract.

I've noticed this in several 1st position notes but never fully understood why.  

@Jonathan Orr Understood with the securities attorney.