There is zero reason to need an llc for each offer.Is your mentor an asset protection attorney selling you llcs lol?

Have an attorney create a Wrap (it's a note with deed of trust) for each property.

I don’t think there is any negotiation, likely some class action suits....either way, whatever is recovered/clawed back, minus receiver/attorney costs, will get divided up among all investors.  

We have an appointment with an attorney this next week.

Does anyone know a good real estate attorney in upstate NY that has done Wholesale Real Estate Transactions?

Does anyone know a good real estate attorney in upstate NY that has done Wholesale Real Estate Transactions?

I would consult with a attorney whom you can work with on a regular basis, to protect your best interests.

The main downside of this is that you will start accruing interest from day one of the loan, versus a HELOC that will only accrue interest when you make your draw(s).2) I would suggest speaking with your accountant and/or attorney. 3) I wouldn't be very excited about a $200K house that is going to yield $1,200 - $1,400 per month.

Smartest move was hiring a local attorney who knew all the folks at the title company, as well as others involved. 

I have this weekend to do my homework before speaking with an attorney on Monday.