Asset protection only really matters when you have enough assets that you start attracting people who may want to scam you.

It sounds and feels like a scam.  

Scam artists and ambulance chasers love those! 

I think that because this is an agent that works with my management company, he would have a vested interest in sending me good deals, but I want to make sure I'm not buying a lipsticked pig, or otherwise being scammed.

Most of the people pulling this scam don't think ahead to give the address to the friend.2.

There is a course on Note Flipping and it sounds too good to be true.I am a newbie and wondering if this is real or a scam. 

P.S. for those who think I am anti wholesaling you would be wrong, and I actually teach it here, but the correct way.

The PMs have a book on ways to screw over an absentee owner, fluff, vacancy scams, maintenance kick-backs, etc. so unless the PM is willing to be held to a max fee and work for nothing above and beyond that fee, I won't be signing a Management Agreement in another state.

Maybe 4 or 5 years ago San Diego counsel passed an anti STR ordinance.  

I agree It’s most likely a scam.