Thank you for the replies.However, specifically I'd like to know what the typical practice is for wholesale deals?

Verizon has a 36 provision lease agreement and you need to understand your rights, your land, and what it is worth.In regards to Kevin Costello being contacted to extend a lease prior to lease expiration, this is standard practice.

I would be very grateful for any input and any referrals to a law practice that may be able to fully address this question.Also if the same LLC being paid for the liaison services was also participating in the lending pool..how would this affect anything ?

For all practical purposes its the same as my W2 income, so the rental loss doesn't matter as long as I'm not qualified as real estate professional or have AGI above 150k.

Not quite what I am after but I pursued it for practice all the same.

I don't know if there is a specific law dealing with this in SC but I do know it is best practices to disclose to everyone.  

Although I consider this reaction partially influenced by astrology (I am a very practical type of person-no imagination, no fairy tale fantasies), I dropped reading that book like a bad habit.

The Oregon Real Estate Commissioners office is actively looking for investors that appear to be practicing real estate without a license.

I passed the state portion awhile ago but I'm having such a hard time passing the national portion. on practice cram exams I'm getting 90% and above but when I go to take it I only get 64% and I need 70% to pass I've took the exam 13 times. my biggest problem is that I don't understand some of the questions on the exam and spend too much time on them and sometimes run out of time. can anyone recommend me a practice test or something like that?

I passed the state portion awhile ago but I'm having such a hard time passing the national portion. on practice cram exams I'm getting 90% and above but when I go to take it I only get 64% and I need 70% to pass I've took the exam 13 times. my biggest problem is that I don't understand some of the questions on the exam and spend too much time on them and sometimes run out of time. can anyone recommend me a practice test or something like that?