Only presenting the rational behind my willingness to get involved with low income properties so that others(reading this thread after your comment) that may not have the capital that possibly you had to start with, or don't feel comfortable with too much leverage can have food for thought from the other side of the coin.

Why let anyone deny YOU the right to actually KNOW the truth. 

I came to the conclusion that wholesaling would be the best way to jump start my investing career, due to the minimal risks involved, not as much money to acquire and pass on contracts.

I also sometimes text myself, especially if there's a picture involved.

I will go ahead and submit a back up offer to the LA anyway, in case lender denies 1st offer price or they miss the dead line, or else will come up.

I have very good credit and i know there are risks involved with any investments made but would love to learn the tricks as im sure everybody starts from the bottom up.

If there was a fund involved did you ever get a legal opinion about whether or not this is an issue with the Reg.

You need to go out of your way to ensure that the collateral is in all ways as good or better than the collateral being replaced.While I have done collateral substitution deals, I strongly advise to avoid the temptation of doing so without the approval of the lender/investor, such approval not being unreasonably denied.

I have an agent who is reluctant to get involved with our business because of fear of losing his license.

It was a clean way to do it w/o involving either of our individual LLCs.