I will also have a few assets I will be looking to sell in the coming week, and would be happy to educate the newer note investors on how they will be structured, answer questions about those opportunities, talk notes in general, and offer advice to anyone seeking!

The son said he would hire a home inspector to write up a letter stating the structure was fineThe inspector told him the building was not structurally sound.  

the real value in the LLC is tax benefit of corporate tax rates and structure versus personal tax returns and asset protection.

I'm just trying to fully understand the implications as I'm interested in pursuing deals with a similar structure.

In my day job, I am a corporate and securities lawyer and I frequently help real estate developers structure the legal entities they utilize for the investments and also comply with federal and state securities laws in connection with bringing on investors.  

Is there a deal structure that would allow them to get the tax benefits w/out being on the deed or involved long term?  

The property also has a second structure, the in-law suite, which was probably a garage that a previous owner had converted to a 2/1.

How do you structure the deal with a wholesaler?

In real estate, equity is typically structured so that all investors earn a preferred return until they hit a certain annual return hurdle (i.e., 8%).

Just make sure that you have someone inspect the house to make sure that the structure is sound.