I'm new to RE too, but done my due diligence in reading on extend on the subject matter, and if I was the OP (still have not done my first deal), I would secure the deal, if its really such a great deal with 50k spread, in my mind I think he could get 15k wholesale deal to another investor and he does not have to do anything more than sell the contract, then after you have done a few of this and cash in your pocket, I would start with rehabs and rentals etc

Adam,Things are highly subjective to what / where / condition.

In general, the term employee means thatan individual is subject to the will and control of the employer inwhat and how to do work, and that the employer may dischargethe individual from work. Yes  No2.

This rule will make it more difficult to find a subject property, but you need to follow it when using the HELOC. 

But now, you have defeated the reason for doing the  Subject To and have become a lender to someone who probably doesn't qualify for bank financing.

They simply ruled on the ambiguity of the CZO, and said that if the voters wanted to amend the ordinance with specific instructions they are well within their right to do so, but since the CZO has no such restrictions are currently written, they cannot be banned.Everyone here would do well to read the court's own words on the subject before declaring STR regulation dead in NH:"Lastly, we decline to contemplate any policy considerations regarding the effect of STRs on the community when our task is to interpret the plain language of the Town’s ordinance.

I refused to "subject to" the properties to him as they are all under my name and he doesn't have the ability to take over the loans.

Most GCs won't even look at the comps to see what they'll need to make the subject house look like. 

Even if you create a non-CA LLC, if you are managing the business from California, you will likely be deemed to be "doing business" in California and therefore likely subject to CA taxes.

@Darrell Kirby unless you know what you are doing, letting someone buy your rental, "Subject To" (the existing mortgage) is not advised.Typically, they will want you to transfer the deed to them, but keep the mortgage in your name.