Since your involvement is primarily as a passive investor in syndications, you’ll need to evaluate if you meet these requirements, as REPS generally favors those who actively manage their properties. 

It also helps you build the intuition on how much you can offer.

I would greatly appreciate your input on this matter.Here is my setupPurchased property under a TrustLLC in FL owns the TrustHolding company LLC in WY owns LLC in FLI purchased the property sub-to, took over the seller's mortgage and I’m working on setting up insurance for the property.I understand I need to keep the seller as additionally insured in my insurance, but the seller no longer has "interest" (ownership) either in the Trust, nor any of the LLCs nor in the Deed nor Settlement Statement.

I need help from whomever I can get before I pay a lawyer.

Most new wholesalers sizzle out after a few months (or even less) because you don't realize the amount of up front work and capital that's needed for something like this. 

I am currently working on a website so that the real motivated sellers contact me, so i dont have to spend as much time contacting property owners who aren't motivated at all. 

This really depends on the real estate investor, how much time they have, if they’re financially savvy, and if they can figure it out on their own without making mistakes that will cost you $$$ in the long run.Yes, expenses on the Duplex expenses need to be prorated between the side you occupy and the side you rent out.

A lot of people have said it doesn’t matter too much just to pick one and then change when it doesn’t work out but I kind of wanna get it right first time if I can!

The range of IRR's syndication/crowdfunding deals is much wider than just 15-18%.

To qualify for material participation, you generally need to meet either the 500-hour or 100-hour rule.