These S Corps were organized for their speaking engagements and book deals.

I only bring this up to remind you that at the time of his speaking engagement he was a "former" South Carolina Congressman ;) 

Note investing is the riskiest form of real estate investing you can engage in. 

I'm thinking that blogging/vlogging my journey on the pursuit of success will help keep me accountable and engaged in my business. 

Seller will continue to complete rehab and take on project as their own now.What type of paperwork would I need to engage this first position mortgage - debtors will be an LLC and personal guarantees of two people.

Engage with the responses and aid you are receiving already.   

I’ll for sure engaged for additional guidance.

There is no compensation for the Realtor on the front end and the back end (rehab) will be handled by someone other than the wholesaler so no guarantee there either.Sure, you may want to engage a Realtor for a small fee to give you advice and input on whether the particular property is priced right for a wholesale deal.  

For instance, if the lender doesn't receive more than $600 in interest, and/or is not engaged in the "trade or business of lending money" (i.e. some private lenders), then they're exempt from the requirements of filing a 1098. 

I would engage the services of a knowledgeable advisor.