LCC as a basic pass through and limited partnerships depending on equity arrangements and profit share of the parties add that extra level of flexibility and not needing to split potential individual partner costs or liabilities.  

I was coming into the program as a complete novice in this investment niche and real-estate for the most part. I

Depends on the contract language, but under typical language the seller is obligated to the sale if all contract terms have been met, and the jilted buyer can usually get a legal block prohibiting the sale to another party.

@Abigail Lipson if you move forward, be sure to execute a Partnership Agreement spelling out how does what, penalties for not doing those things and what happens when one party wants out (or dies/incapacitated) and the other doesn't.

When things go south, you'll lose the business and the relationship.If you decide to move forward, I recommend you talk to an attorney and develop a strong partnership agreement that protects all parties, gives everyone a way to exit, etc.

The production and reviews are all there and they can not be fake.Final take - they guy who shows up late to the party wearing a bag over his head to hide his identity and is scared to record on Zoom when everyone can watch is the one out of touch.

Its always been illegal from the state regulators view it violates the Real estate sales laws of brokering RE with no license.. the definition of brokering RE is to bring two parties together for compensation exactly what wholesalers do.. but without a valid license or listing agreement. 

Without regard as to which political party held the White House, either.Your comment was unnecessary, particularly on a real estate board. 

@Mei Ling Schulz  An agent receiving a referral fee from another party means that the agent had the lead and passed it on to another person. 

@Sovat C.The live tax free part is not true.