Yes your commission would only be $5000 but then you don't have to deal with the assigning a short sale issue or the ethical issues someone will bring up on here about not doing right by your client as an agent.

They are acting as an agent without the laws, ethics requirements, education, and insurance that are vital IMO.

And only you need to sit down; don't take your partner with you otherwise that lawyer is likely going to have to tell your partner that you're taking advantage of him under attorney ethics rules and conflicts of interest.

Hey I am all cash close in 10 days... only to find out none of that is true.. now if you believe white lies and fibbing to sellers to feather your own nest is OK then that's your moral and ethical compass  ( not speaking of individually as I have no way to know) just talking about how wholesaling is taught and you see it with the post above recommending that they use weasel clauses..  

Many member's of BP and the Indianapolis Real Estate Community work very hard to maintain a standard of ethics, honesty & integrity.  

As long as a wholesale is done ethically and within the law no issues should arise that's the way I practice wholesaling.

Obviously the Selling Agent does not Represent me - They represent the Seller but there are Ethics Clauses in the NAR that state an agent must be honest with all parties including the other side.

Mortgage payment insurance is a bogus fee - anyone trying to collect is not someone you want to deal with.Check out our Scam page for more red flags regarding less than ethical lenders.

Are there ethical considerations or is this just another 'creative financing opportunity'Am I the only one who has ever suffered this type of dilemma :)btw Happy Christmas and a great New Year to anyone who helps me out of this New Years problem:)

I will have a property manager I now know is reliable, he can do the make-ready, and we share in the profits, or I buy it myself and know I have someone watching over it with ethics and values I can trust.