He then proceeded to laugh that his partner was his cat.People like @Karen Rittenhouse and @Shawn Holsapple - both wholesalers who have been featured on the Podcast (Karen Episode 2 and Shawn Episode 136) - always close on properties they get under contract, even if they can't find a buyer.And yes, they've been doing this a while, have built up a reputation, and have funds available to make it happen.John's disdain for the wholesale concept is due to his experiences with people who aren't forthcoming and honest with the sellers. 

You can register an LLC in states other than where it was founded, but this runs into duplicated expenses.Custodians for SDRPs are plentiful, but you'll want to shop around by reputation and your own criteria.My $0.02 ...

First you must determine if you want to purchase the service station operating business and lease the real estate, purchase the real estate and be a landlord to the station operator, or purchase both the operating business and the real estate.Many of the best locations are either owned by oil companies and leased to operators, or have restrictive contracts with severe penalties for changing gas suppliers.  

Would def recommend finding a business/real estate attorney with a good reputation in FL. 

My sister works for a reputable property manager and we can get a good value for the service.

I'm ok with this "fee" if they are a reputable company.  

I hear FLA is firming up as well. whats your take on that your heavy in FLA... other states its fine though as we know.. especially TexasI have seen many situations where a reputable wholesaler who is licensed has a deal and some crappy wholesaler catches wind of it and blasts it out without the first wholesaler having any knowledge.  

Thanks Scott,  I would love to find hard money at 6%,  if you have any reputable lenders let me know.  

I suspect he will lose between rent .. and having to rehab it for real again 5 to 10k right out of the shoot. and to make the statement glad I had reserves. .well anyone buying a rental without substantial reserves is just a crash and burn waiting to happen especially in low end areas like this.There is a reason most TK companies of high repute refuse to work in these areas anymore.. 

Get 3 bids from reputable contractors, and they can give you an estimate of the costs involved in this.