Cash is king when it comes to buying homes in the wholesale market, and this rule also applies to many other scenarios.

Be sure you have verified their identity prior to sharing any sensitive information.Here’s the IRS article for further information.Have you had any of these scenarios happen to you?

Different rules. 

If they do not pay their portion (if they have one) you say, " hey you are breaking the rules of your program, if you do not pay you will " lose your free ride ". watch how fast they pay.

Hi Keenan,Be sure & check into the Tennessee Fonce Exemption tax rules which can help big time.Also hookup with a great property manager to make your efforts sizzle.   

Identical situation happened to me so I went to a new lender 2 weeks before closing and everything went perfect.

If you see someone violating the rules, create a post with "@moderators" and we will receive a notification and respond.Again, welcome to BiggerPockets and happy investing!

Typically it doesn’t matter where the accountant is located as they know a majority of the state rules.

Most family trusts, especially in CA, provide little or no liability protection (see self-settled trust rules). 

You should use a state-specific lease that is clear regarding the start and end dates, the monthly rent, the fees that will be charged (ex. pets) and those that may be charged (ex late fee), the amount of the security deposit, and a clear list of rules associated with the property (no smoking inside is a big one as are rules related to parking).