Even when wholesalers “kinda’ admit to the seller that they are going to “wholesale” the property, they still tend to mislead the seller by talking about “financing partners”, “equity positions”, “mentors” “membership” etc.So, various states have, under the banner of consumer protection, enacted legislation to restrict the use of the “wholesale” transaction in RESIDENTIAL OWNER OCCUPIED real estate - note, not commercial property and not residential when the transaction is between 2 investors. 

Always protect yourself by enforcing contracts, and learning to say no. 

I have a plan in place to use entities once I reach a particular number of properties, but the additional protection is marginal at this point.

Also keep in mind that "source of income" is a protected class in Maryland.

Quote from @Jesse LeBlanc: @Jay Hinrichs I know you'll see this soon, might as well tag you ;)  good work naming names is the only way to protect the public.. these schemes have been going on for years..

I worked with a company that helped me set up my asset protection. 

That would be one way to keep your money protected 

@Nakul PatelBest asset protection is an insurance policy, you open a LLC then you are gonna have to pay like $850 a year for it if you are in California even if it’s a LLC in another state plus other fees and costs.

@Michael Nguyen Starting with an LLC is a great move for asset protection and partnership clarity, but it can make securing loans a bit trickier, especially when you’re just starting out.

Any quack on the internet gives out ESA for a couple hundred bucks and landlords left and right are accepting animals they do not have to accept.As I said though, there are some ESA that are actually real, but still not protected and then it's a landlord decision.