I am aware of wholesalers that try to make the deal into a "win-win" for both themselves and the seller, and in speaking with them I think this can actually be a potential competitive advantage.I'm relatively new to BP and still 'researching' how the majority of wholesalers operate, but it seems to me that real estate purchase option agreements are a more elegant way to conduct this type of business.I'm in the process of trying to put together a blog that, hopefully, will allow me to demonstrate this. 

We have a draft operating agreement, but need to meet with our attorney to finalize and set up business entity structure. 

Certified being the operative word because they are held to a higher standard, whereas “financial advisor” can be a synonym for investment product salesperson.

.,) (4) separate your assets from your operations [operations contain the most liability,] (5) introduce layers of anonymity to hide your assets from prying eyes.I approach these issues from the mindset of being an investor myself, so it all has to come together in a way that is profitable.

We are in talks with a few larger local operators on some multi family portfolios.

In Mass there are a few operators that train/jv with students and might be worth testing out on them as well. 

However, given our experiences thus far, we are of the opinion that having more cash to operate with is a priority. 

He has agreed to do the day-to-day management of the property (long term, as I accumulate more assets, I would consider hiring a property management firm).Looking to get some advice/call out any pitfalls in my assumptions:Focus on low cost, 55+ communities in Boca Raton/Delray Beach Area (Century Village, Kings Point etc.)Setup an LLC with my dad and myself listed (otherwise, my options to purchase in 55+ communities would be limited)Properties must have a net operating income of $1,000/month or more, expected rent $1,600-$2,000HOA: $450-$550, Insurance: $50-100, Taxes: $50, Maintenance: TBDInitially pay for all assets in cash, no debt. ($40k-$100k purchase price)For the first investment only look for minor cosmetic upgrades.

Rhonda, how long have you been operating the short-term rentals in Sevierville? 

As of today, 1/7/19, the IRS is juuuuust operational enough to be starting into the backlog of 4506-T transcript requests.