I loved what he had to say simply because I love complicated Asset/Tax schemes.  

It was too complicated aside from the sub-2 situation!

Since partners die, this arrangement complicates buy outs and heirs inheriting the LLC interests when partners split profits differently than to their capitalized positions.

That will give you "standing" to start a probate, which could be a small estate probate (less complicated, less expensive), or a suite to quiet title. 

The best thing in a lease option is to keep it simple, which is a total oxymoron because lease options are truly complicated AND high risk (for the Seller) in an increasing market.

It was just to complicated, and ended up buying 3 of the properties cash.  

Is investing in property as complicated as that?

Move on out of the wholesaling mode, doing the proposed method is more complicated and has less of an upside giving away future profits. :) 

@Anna ShaverWhen I mean global debt coverage it assumes total cash flow before taxes divided over total cash flow going out as a "global," picture view.So if you had:Income -10000 salary (both)3500 rental income "net"Expenses -Expenses (living) of 2500Mortgages (total) of 3000Other Obligations (Car/Credit cards/etc) - $0It would be 13,500 total cash in flows / 5500 cash outflows = 2.45X global debt coverageThe above is a simple way to look at it and there might be adjustments to this but I didnt want to get complicated.

These days that doesn't cut it.I wouldn't do the whole incentive thing with bonuses that you are thinking about, sounds too complicated.