I have done a wholesale deal, but I am more interested in working with investors than the general public. 

does your listing agreement have a protection such as 45 or 60 days within expiration

No one other than my wife is going to care as much about protecting my personal assets as I do.

A good FAQ page on this law: http://ag.ks.gov/open-govt/kora-faq)KORA states: "No person shall knowingly sell, give or receive, for the purpose of selling or offering for sale, any property or service to persons listed therein, any list of names and addresses contained in or derived from public records … Any person subject to this section who knowingly violates the provisions of this section shall be liable for the payment of a civil penalty in an action brought by the attorney general or county or district attorney in a sum set by the court not to exceed $500 for each violation."

I have a property I'm my crosshairs, but before I pull the trigger I'd like to get some community feedback on the best entity to purchase under for tax benefit and personal protection.

Additionally, if a deed transfer is not possible for a short sale then how am I protected if I paid him the 100K, since the property is already underwater, putting a lien on it would be out of the question.What would you do in this scenario assuming short sale price can be around $600-$700K?

A potential LP who doesn’t know me might think this structure is weird and not protective of their interest in the deal.

In the real estate world, a fine line exists between protection and acceptable risk.

I'd also bet that like MA, CA inspection results and historical records are public and probably available online.If the numbers are good, I'd proceed with your due diligence.

http://www.nyshcr.org/Publications/housinginformat...That's a good place to start.