Seek legal advice, however, what I understand is that there are really two way to wholesale that is legal in the state of Arkansas.

It seemed like most the folks you have on staff are CPA or other, but no specific legal experts.

I am starting the legal process as we speak and depending how many more we can make this a class action law suit. 

To avoid reducing your lifetime exemption, you could gift equity incrementally, but this requires proper legal structuring (e.g., fractional ownership transfers).

The seller has the two lots legally separated, but due to deed restriction imposed by the subdivision development, found that building a house on the “tennis court” lot was not allowable. 

It may be a tough pill to swallow if you feel you’re totally right, but you may be surprised at the LEGAL opinion rendered by counsel.  

Is there any legal action one can take or is it just a lost cause?

Do I have to legally disclose to my boss that I will have my sales agent license and have a brokerage sponsor that is someone different outside the MF development company?

You can also find various contracts online, develop your own then have an attorney review it to ensure it has teeth, and is legal in your area.7.

Which is better way to legally structure the properties for protecting assets against tenant lawsuits.