But it's designed to get you to get involved with what ever that "guru" is talking about .

They are specifically designed and built for that purpose.

No buying list, no designing mailers, no spending money sending mailers, no skip tracing, no no no.

A "person" can be a corporation so if the corporation is set up to engage in the business of wholesaling, all members will need to be licensed.  

The pass-through would occur in the partnership or s-corporation scenario.The taxation of the income would depend on the designation of the taxpayer whether they are considered a real estate professional or passive investor as well as whether they are renting or flipping for example.  

At that point, start engaging professionals and providers in that market as well as networking with other OOS investors who are in your target market.

I've been fortunate to connect with some folks through bigger pockets and have engaged in some great conversations.  

I’ve found that lenders can’t do much to fight low appraisals, I believe because of lending regs that came out of the financial crisis designed to avoid the games that were being played 10 years ago.  

My main question is this, when im on the phone with a motivated seller engaged in a discussion about the subject property, when asked to make an offer over the phone should I use the following formula: (ARV x 70%) - repair cost - wholesale profit - fixed cost = Maximum Allowable OfferAnd if so, how do I find fixed cost for the San Antonio area when put on the spot to make a quick ballpark offer?

At least you're getting engagement.