It will also make your case for investor funding more legitimate when the time comes.Good luck!

While the sellers contractor may be legitimate, how do you know otherwise if you don't have a relationship with them.

You need to have legitimate self-employment activity or own a small business which produces 'earned' income and does not have any full time common law employees other than the owner and his/her spouse.If you have a 401k with the previous employer - yes you can roll that over into self-directed IRA or 401k.

That is a very legitimate reason for differing values even if it is the exact same layout/builder.  

Surely you're not saying "Lease options are no longer legitimate vehicles to sell houses." 

Hello BP,I am starting to investigate how to go about using an FHA 203K loan. I have heard and read that these loans can be a little tricky. Which is why its very important to find mortgage company that uses these loa...

Disclosing that you have a license is not to make you seem more legitimate or so that "the Seller is ENCOURAGED TO BELIEVE that their interests will be looked after"; on the contrary, disclosing can negative for the wholesaler since the seller might become distrusting of them since they are seen to have more real estate knowledge. 

Or you can JV a few deals with a legitimate wholesaler.  

I need to put together a legitimate business plan which I think will help me stay on track.  

I've locked horns with a couple of posters here selling their stuff and they have been so combative and evasive that people email me that they are shocked that someone trying to convince them that they are legitimate would behave so badly publicly.