Thanks for your seasoned input and for interpreting and responding to the question that I may not even have asked.Michelle

(C) THE LOT CONTAINS AN EXISTING SINGLE-FAMILY DWELLING....My interpretation of this is that a jurisdiction may not restrict ADU based on the RE being zoned multi-family if it only has a single family dwelling.

Some closing companies will interpret the law differently than others, then then refer back to possibly being audited and they don’t want ANY grey area in their closing process and will refuse to double close without each closing acting separately.Outside of North Carolina, Illinois is also another state where I see wholesalers using Transactional Funding for their Double Closings due to a “Brokering without a license” law.Let us take Illinois for an example.

That is exactly how I interpreted the contract verbiage as well.

@James ShenTax Accountant/CPA vs RE Tax Attorney.I would hire a tax attorney if you are dealing with a complex tax situation - Transfer pricing, International taxation interpretation, or asking feedback of a very specific interpretation of a tax law.CPA/Accountant/Enrolled agent can be someone who will file your taxes, provide strategy and can represent you infront of the IRS.Your profile mentions you are in the NYC/NJ Area.

Often interpreted as haterade, one of my pet peeves is the profits some wholesalers try to make.

But thumbs up on wanting to learn scripts and not sound scripted, a lot of agents poo poo them but done correctly they are simply a great way to present ideas to people in a way that's fits how humans naturally think and interpret information.

How would you defend keeping title in LLC and note under personal name...It seem like that would be interpreted as commingling and thus peirce the veil.

Of course, this information can vary by the exact city or area, considers different factors which may be minor, statistics can be interpreted differently, etc. 

Owning a Tennessee property directly as an LLC is most likely going to be interpreted as doing business in Tennessee.