In most cases the risk you take with buying rentals without an LLC can cheaply be insured around and provide adequate asset protection.

Thank you all in advance for all of your valuable time and expertise!

I'm Travis and currently reside in Muskego, WI, I came upon this site while researching real estate opportunities with low start-up costs.For the past 24 hours I have been completely wrapped up in reading through the abundant amount of information throughout this site and realized that this is a forum where I would like to become a more active member.I am completely new to real estate, outside of purchasing my current home I have no true experience within the industry but the more I learn the more I enjoy it thus far.Truly wholesaling has been the most appealing concept to me, which not only comes to play due to the low funding required but it has been the most interesting topic of research for me.I look forward to being an active member of this community and learning from the many experts who are willing to share their expertise.

That was one of my favorite podcasts so far - so much expertise came out of him my head was spinning, ha.

States are doing their due diligence in protecting homeowners from people who have no intention of every owning that property so if you only want to wholesale then it is suggested that you become a licensed agent. 

you provided us great representation and I hope many others will value your expertise as well.

I will use the acronym “covered entity” in this article, inasmuch as my principal focus herein relates to seller financiers engaged in captive finance and retailers and communities now covered by this rule extension.FinCEN can issue regulations requiring financial institutions to keep records and file reports that are determined to have a high degree of usefulness in criminal, tax, or regulatory investigations or proceedings, or in the conduct of intelligence or counterintelligence activities, including analysis, to protect against international terrorism.

Don't put that progress at risk for the sake of getting another unit under your belt.Remember, it's far more important to protect your downside than it is to maximize your upside. 

Sometimes you can get some really good deals on the laminate and install is pretty easy - no expertise needed (except read the directions and stagger the joints)..Hope your rehab is a great success!!  

If he wants to protect his interest in the property and stay involved he would need to stay on title.