Unless you want to run your wholesale operation like someone associated with Sopranos, in real world you will have little to no remedy to secure your interest if the seller and buyer decide to cut you off.

I've done this with my properties because I'm well known in my small town and don't want people to know what I own.LEGAL PROTECTION: By placing your assets in an LLC, you are legally separating them from your personal assets.

The big cities are hard hit by other investors.

As far as other factors for an area to choose, outside of the location, I'd definitely say do your homework on the general feeling of STR by Township.

entp.hud.govYou also want to make sure you run the math to ensure it passes the "Self Sufficiency" test where the unit rents must support the PITI by using the 75% and vacancy calculation. 

And you'll be earning a paycheck instead of spending it on classes taught by professors who probably have very little experience in real estate investing.After four years of college, you'll still be without a home, without a job, and without experience.

Looking to look for multi-families for sale by owner that have 3 units and up.

However, my concern is:  would my parents be committing fraud by getting a HELOC, and then turning their primary into a rental just a few months later? 

How do wholesalers protect the seller, themselves and the deal from being lost/taken by someone else? 

I ended up leaving the partnership due to venturing off to focus on my startup but no bad blood.Recently I’ve been contacted by the father of one of the partners and he’s having some health issues but in the midst of it all the property is having some foundation issues.