If it expires and you don’t close because of wholesaler, you get it backThanks for the response. 

Going through the insurance process is more crucial to your strategy right now versus the tax implications.    

Quote from @Bob Stevens: Quote from @Dennis Maynard: Just glancing over some of the responses this may be understood.

Quote from @John Kelly:I would agree with @Ashish Acharya, #1 is the best answer to the question on his response in the reason it would not be good to use an LLC on a house hack until you move out of the house and call it a true rental. 

I checked out ab968, looks like pre / foreclosures might be a good way to go if I can find them. thanks everyone for the responses, really great info. im actually starting to see more deals on properties in need of renovation so I’m hopeful I’ll be able to find some good flips when I’m ready to pull the trigger  

Many are just following the practices they’ve been taught (although if you choose dishonesty, some responsibility does lie with you too).For any wholesalers interested in learning how we approach wholesaling ethically, just let me know, and I’ll gladly share a detailed post on it here.

Understanding tenant rights, maintenance responsibilities, and potential challenges will prepare you for the realities of being a landlord.

If their kid shoves a pair of leggings down the toilet and clogs it (yes, this has happened), then they are responsible for fixing it.

Laura is a PM, she answered your question, and your response was to fire back that you can do a better job than a PM.

Quote from @SK Yuthas: Thanks for the responses.