I personally have not explored whether wholesaling is legal or not, or whether a licensed individual or not.

I used to be a Real Estate Agent in SC some years back and is the author of The Single Parent Guide to Homeownership.

@William Kyle Walker  not sure in what context your asking this questions IE are you the managing member of each LLC  and have the authority to move funds .as a data point..

Your first question is one of individual choice - it really depends on your long and short term goals.

Generally it is used for individual agents who want to build a team underneath a brokerage, however the concepts can easily be applied directly to your own firm.  

@Ellis San JoseIn which province is this individual?

@bradley clark, the notes would likely be owned by different lenders, but once the investor acquires them they are split into the individual series.

Their are two things that matter in this circumstance #1 how many bedrooms the tenants voucher is for and #2 what is their maximum allowable rent that section 8 will allow them to pay based on their income.To your first question If you accept an applicant that has a voucher for $1000 that is the maximum amount that your housing authority will allow you to put on the lease, so in essence you will lose out on the extra $200 a month.

Welcome @Daniel GreenOne of the marvelous things about BiggerPockets community is that it enables us to welcome and help people in a way we couldn't as individuals.

Hardly a "tax shelter" or something a sane individual would purposely try to do.