Death of all obligors is another reason although recent CFPB rules have made that a bit more difficult to call a note due for the death of the borrower(s) if there are legitimate heirs.Your motives aren't flawed James.

Are they a legitimate company? 

If the duplex is a real duplex with legitimate living space, then you shouldn't have any problems.

Then if they want to sell it to you at a discount it's perfectly legitimate.

And then when you write this number down you are legitimate ties an it as the top dollar price.

Just because there are no barriers to entry does not mean that everyone is a wholesaler.I understand that there are some legitimate wholesalers out there, but how do you guys feel about the fact that anyone can simply call themselves a wholesaler?

The ones who are renting take good care of their units.Make sure you're dealing with a legitimate tenancy offer.  

Or if she's been there years and it's never been done, she may just have a legitimate gripe. 

Just speculating, but I'd suggest you talk to a CPA firm if you are trying to legitimize a hobby LLC... ?

i'm looking to operate a legitimate investment company. iam not looking to get in trouble.Eric Beale, those people in the other posts that you said soudned like they were not wholesaling, but acting as brokers. since they weren't licensed, they got busted. the one woman was charging a commission to sell other peoples property. that is not what wholesaling is all about. wholesaling is getting someone to sign over a property to you and then assiging that contract to someone else in exchange for the person that you are selling the property to paying you an assignment fee. or doing a double close. yes if someone wants to be a broker (in any of the 50 states as far as im aware of), they need to be lcensed. consult with an attorney or call the real estate commission and as the source that is what i did. that is why i'm not worried about getting busted.