My question is: when wholesaling, after finding a great deal, do you need real proof of funds to the get the property under contact or is there a way to get it under contract, find a buyer and complete a double closing/assign the right to sell without actually having the cash for the property? 

This allows us to 1031 exchange post-sale into a new deal, compounding cash-on-cash returns and deferring capital gains.Let me know if you’d like to discuss further!

CA has the highest sales tax rate in the country.

You are essentially doing a partial sale of your home.

And how much is your debt service, around $6,500? 

The differences between most software is subtle and may be how they bill for their service, support their product, or the process to use those features.

They are holding the proceeds from my sale and I am planning to buy a couple of DSTs shortly.

Jade,  what's the median price for a duplex,  triplex or four-plex thereI may have to start looking for a property there,  (After tax season,  I don't have the time right now)

Some properties appreciated double during this cycle and the rents still covered the mortgage after a cashout refi. 

Going more west and south especially after 42nd st really changes the neighborhood.