When facilitating the transaction I am 100% transparent and I disclose everything.

@Rupert GrantGenerally if you're eligible for a Solo 401k, it makes sense compared to a self-directed IRA for many reasons: Compared to an IRA, Solo 401k contributions limits are roughly ten times higher.There is no custodial requirement for the 401k.You don't need the additional expense and administration of an LLC to have checkbook control.You can borrow up to $50k from the plan; IRAs do not allow participant loansThere is a built in-Roth component whereas IRAs are either traditional or Roth, not both.A spouse can also participate in the same Solo 401k plan.The Solo 401k has additional tax benefits over an IRA when investing into real estate using leverage.The penalties for prohibited transactions are less severe, though it's best not to utilize this benefit :)The one exception I can think of is if your primary goal is to self-directed Roth IRA funds.

Have clean, safe, nice units at a fair price.  

well with planes is hull value and experience.. but safe to say hull value for bank purposes on 500 to 700k Cirrus and medium experience IE IFR and 500 plus hours with 100 in type would run you 200 to 200 a month.. smooth million..  

You may believe that because you are a generally honest person, you will be safe from lawsuits.

So dbl check before passing on them, just to be on the safe side 

This was a deal between family therefore, it was concerned an "arm's length" transaction in which we did not use a real estate agent.

(many of those guys end up being sued btw)Smarter way to transact business in a similar capacity to what you probably like about wholesaling would be getting a real estate license & selling properties that way.

A lease with a separate option to purchase is a safe bet because if his property doesn't close and he can't 1031 into yours you will at worst have to evict him. 

May you all be safe and be prosperous in the coming year!