While writing up your contract, just make sure you include any contingencies like inspections etc.

Just make sure you have a inspection clause, that states the sale is contingent on property passing final inspection.

Jason, I have not use that service nor any national service like it.We use contingency fee attorneys for collections.

They are also demanding there be absolutely no contingencies or escape clauses of any kind.

Your CPA is saying "if and if" because a lot of these things are contingent on if's.

Something like, "Sale and transfer of title is contingent on said property passing final inspection."

New owner now has a lein on property and can not sell it without paying the lein off, even though the debt was not their responsibility.Original owner/developer should have had language in the contract that states that all subcontractors invoices must be paid in full and proff of which to be presented prior to receiving payment.This is one of MANY problems that can occur without the proper contracts and contingencies.

There seems to be a large contingent on both sides of the fence.The only reason I'm considering it/them is because I want to get started with something more than just one property.

This means no earnest money (depending on your state's laws) and no proof of funds.Starting out as a wholesaler I would recommend putting contingency clauses in your contract and I would recommend you use them if necessary, but I would do everything in my power to NOT use them.I would also recommend that as a wholesaler that you get your own financing set up.

Other contingencies that you may want are: i.