It will be such a relief when this learning curve is finally in my rear view mirror, but I sincerely appreciate being able to ask questions, and receive answers, in this forum.Next step: find a CPA!

Getting the second one dismissed, or a relief from the automatic stay shouldn't be that difficult.

My state is allocating substantial COVID relief funds to mortgage and rent relief programs, so that will reduce defaults in my market.

DEFAULT: If Buyer fails to comply with this contract, Buyer will be in default, and Seller may(a) enforce specific performance, seek such other relief as may be provided by law, or both,or (b) terminate this contract and receive the earnest money as liquidated damages, therebyreleasing both parties from this contract.I flipped a pre owned mobile home with land this year in Justin and there were only a few lenders that could get it done when I researched it before purchasing. 

The account needs to be labeled exactly and then you conduct monthly 3 way reconciliations. 

@Roberta Cincotti hey would love to know about that info on the tax relief when u have time

A motivated homeowner who has to sell their home quickly and is considering using a wholesaler's services will use very specific terms to search for "relief to their problem" on Google. 

Take over payments immediately and offer her debt relief (Subject To)3.

Sellers Can Get Debt Relief The key factor to getting most sellers to do a Lease Option is debt relief.

Now I have two rental properties in the Memphis area.I was not able to travel to and personally walk around and inspect this purchase but I do anticipate being able to do a drive by in a few months and with everything going to plan also inspect my third investment property.Going with turnkey investing at this point has allowed me to put some time into learning more about taxes, legal, and probate avoidance.What I am getting out of the research... having not yet spoken any professionals except CPAs... is that: California is a crappy place to try and start a business.Using legal entities is a personal choice but if you are going to do it there are tax efficient ways.While one LLC per property may be an ideal scenario from a liability protection consideration, it may not be cost effective and grouping/clustering houses in some way (such as by location or by value) may both mitigate your risk and provide some financial relief ($800 per LLC in California).I have more interviews to do but I am leaning towards:1.