That said, just sign the PSA in your name and include language allowing the PSA to be assigned to an affiliated entity controlled by you.

I signed a one-year lease and moved in.Even if your tenant applicants can prove their cash income, the amount is still less than 3X your rent requirement.

I found out that I can't even put out bandit signs because as a agent, you can't put out real estate signs without your brokerage name and the usual equal housing opportunity images on there.He said wholesaling is perfectly legal as long as I am careful of how I tell things to a seller.

I’ve seen some of your signs around.

All signs point to a bit of a tipping point in many markets....on the bright side, that may be a sign of a buyer's market for a change 

Yes you will have to put hundreds of hours of your own time into it instead of merely signing a check, but that's where the profit is.On my most recent flip the seller had multiple contractor bids done and was quoted a minimum of $150k for a rehab.

Then if your lease is worded properly you can apply the next rental payment to that amount and charge them a late fee on the rent.Get a lawyer to review all contracts before signing one or offering a lease to someone else.

My advice would be to buy as many properties through the LLC as you can with cash, and then go back to the portfolio lenders after you have tenants in place with signed lease agreements and do cash-out refinances. 

Does it have a yard sign? 

You could sign contracts with him that would prevent him from going around you, but then again build the relationship and there should be no reason he's not happy to pay a fee for bringing him the property.Also, keep in mind your fee doesn't have to be huge, or even proportional to the size of the project.