And are afraid you will go around them because they have no way to protect their interest such .

I would like the protection of a LLC but still being able to work together with my business partner on projects.

I would like the protection of a LLC but still being able to work together with my partner on projects.

The roles determine the amount of time (value), money contributed (value), and expertise (value). 

Asset protection is a good consideration, however it can have an impact on other areas, like cash flow and tax. 

And it's awfully easy with a land contract to create a document that is so tight to protect the buyer that it crosses the threshhold of "risk of loss passing" which means that even though the deed doesn't change all of the benefits and obligations of ownership go to the buyer. 

I am going through the steps to understand real estate investing better and want to get things heading in the right direction as i start investing in more rentals to grow my portfolio, one recommendation i have read and been told is to put my properties in a LLC and maybe even grab a holding company from Wyoming for protection down the road.

It does the following: Breaks the corporate veil so your LLC now offers no legal protection as you've intermingled funds with your personal. 

Income is a protected status in DC so you cannot discriminate on income and exclude section 8 tenants. 

I am looking for a sample purchase & assignment contract that would protect me while doing wholesale deals.