Shawn, I was referring to getting a commission from a wholesale buyer taking the process from making the deal to closing, versus charging them an amount for the contract itself.

@Michelle LoftisI don't know of anyone in Houston, but do have couple companies that I constantly refer my clients to for questions like that.

Also, 90% of these references have the EXACT same wording around the paragraph.

Just because you are paranoid does not mean 'they' aren't out to get you.Seriously though, you have a couple of issues mixed in here.First, if you have assets outside your real estate investing, things like investment accounts, high value collectibles, homes and other personal property you want to protect, putting your properties in an entity isn't the whole solution.

Not sure what a good solution is for that.There are still some companies out there that do not exclude dog bites.

When you say to keep good insurance, are you referring to insurance for the partnership?

I appreciate you referring me.

Which means if you referred someone to a property and they did not pay you the fee they promised to pay you, you would have no legal recourse.http://www.biggerpockets.com/forums/51/topics/65558-selling-homes-without-a-license-is-a-3rd-degree-felonyHere is an article from BP letting us know that this is a felony in Florida.

Regardless if you build it or buy it... the system is the solution.

Given that Illinois is a judicial state and a lawsuit must be filed to take over a property, the true HMLs have backed away.Now the term refers to that, but now they usually check your credit and ability to repay.