You must also be acutely aware of personal holding company rules since your C-Corp will be holding real estate.

I have an amazing contractor that is will in to do the work at cost and take a cut of he profits...my thought is, he will have a vested interest as well!

That means giving them a cut of the final profit on your deal, so its a business decision you'll have to weigh out.The more detail you include in the SOW of your contract the more protection you have from things getting off track.

I am curious why you are going to give a cut to a property manager when you will be living in the building yourself.

It's about 20 miles outside of Dayton...a cute little historic town, very Norman Rockwell-ish.

But then it needs to be that much better still so you can take a cut of it.

Wholesaling is a cut throat business.

Time Waster A gets excited about it, but doesn't have the means to act on the deal and e-mails Time Wasters B, C, and D about it (of course he tells B, C, and D that he is entitled to a cut if they close).

Unless there's an acutal "scam" I don't think people should over react.As to my post, I had some great info that others could have used, but ... it was so edited it makes no sense now.

I prefer 10 year terms and will consider a 15 year term for a cut in rate and points, but still plan to reduce principal for payoff in under 10.