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

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. 

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

What didn't I understood??

I was unaware of all the financial data that coincided with rental property, however I understood rate of returns.I am currently looking to begin wholesaling to generate income to increase our rental portfolio for passive income, and reproduce a similar model in the Phoenix metro Area.

Understood.

@Kareem Lyons Understood - just keep in mind that whether the price tag is $100k or $10M, the process is still the same. 

Understood.