If the seller is allowed by contract to terminate without default on the part of a buyer (and I understand this "may" not be the case), I would seriously consider using another contract form that has more teeth.  3. 

ALTERNATIVELY, BUYER SHALL HAVE THE RIGHT TO ASSIGN THIS CONTRACT TO A REAL ESTATE INVESTOR FOR 98% OF THE ARV, BECAUSE “THE PROPERTY ONLY NEEDS A FEW THOUSAND DOLLARS IN REHAB.”BUYER HEREBY INCORPORATES INTO THIS CONTRACT EVERY CONTINGENCY KNOWN TO MAN SO THAT BUYER MAY EASILY WIGGLE OUT OF THIS CONTRACT WITHOUT LIABILITY.IF BUYER FAILS TO PERFORM UNDER TERMS OF THIS CONTRACT, SELLER SHALL HAVE NO REMEDY WHATSOEVER. 

I have absolutely no experience whatsoever.

For one, an LLC is usually a pass through entity that has no tax effects whatsoever.  

Although, I have perhaps the best realtor on the planet working with me, so that probably has something to do with it.I don't feel like a jerk whatsoever for doing it either LOL. 

With that said, Wholesaling was the avenue I wanted to sharpen my teeth on. 

I want to cut my teeth on SFH rehabs, before I tackle 2-4 units, then onto commercial properties.

Acquiring property with no or low downs has no bearing whatsoever on equity or cash flow.  

The owner will answer no questions whatsoever without a POF letter.

Sometimes getting information on the state of my property is like pulling teeth.