Given you already have a property, you may feel comfortable enough with the home-buying process and reviewing of the contracts.

These methods are designed to fail.Keep This in Mind:The issue isn’t wholesaling.Wholesaling is just getting a property under contract below market value and assigning it to a cash buyer.

When selling for sale by owner (FSBO), ensure all legal documentation is in order and consider consulting with a real estate professional or attorney to handle the lease transfer and legal aspects effectively.

If you get it back expect to pay a good amount in legal feesIf you’re friend did the same they are up the creek too.Hard lesson to learn.

Deduct Selling Expenses: Costs associated with selling the property, such as real estate commissions, legal fees, and advertising expenses, can be deducted from your sales price, thereby reducing your taxable gain.9.

Of course I keep entities separate in all legal and financial aspects. 

Are you primarily B2B (contracting directly with companies/agencies) or B2C (leasing to individuals/or Airbnb)?

Such as yard signs, lock box, MLS keys, showing appointment services, help in filling out contracts, and X hours of consulting advice. 

A non conforming unit is technically legal but it doesn’t meet current zoning (but possibly was once a legally functioning unit as a residence).

An LLC does not provide much legal protection, it acts as a legal firewall to separate assets.