I'm sure there are plenty of legitimate wholesalers out there, but in my area, most have a horrible reputation for dropping the ball and leaving the homeowner holding the bag.

No legitimate lender - bridge financing or permanent - will ask for an origination fee before they even originate the loan. 

Learn who has experience and when you trust that they are legitimate and you can see what they've accomplished, offer to be the funding partner.I would also move out of California... that million will disappear quickly in Cali.

From the article (CA Realty Training, Aug. 22, 2022)“Although there are quite a number of legitimate sellers out there, many people still regard all FSBO listings as scams.

Wouldn't this kind of LLC be exempt from the Cal franchise tax since California does not offer this kind of LLC, and is this type of LLC a legitimate entity?

I am legitimately trying to help you!

With your last 2 years tax returns, last 4 pay stubs, 3 months of bank statements, most lenders can pull credit and issue an preapproval in an hour or two....and it would be legitimate, as far as preapprovals go.  

This notion that this would be a legitimate reason not to invest here is likely sourced as scare tactics by salesmen of far away investments.

I should have mentioned that the reason to make it “legit” is to make the money they pay us to manage it a legitimate business expense.

@Divahd Noel Did you build a website and legitimize a business before you started making offers?