OHIO FLA  OREGON are tough states for this.. some states do not care just depends on where your at.I think the bigger issue for the OP is his area of DC is red HOT and the REALITY of getting someone to sell someone a home that does not have POF and bank letters etc is going to be slim and none.. you need to work the rough areas  of DC to make that happen.. those are where wholesaling works best or in any low value asset market that is not covered by the real estate community becasue the value of the assets are so low commission income is not worth their time.. thats not to say you can't stumble into a deal you can.. but those that do wholesaling and actually make money when you talk to them they are spending 5 to 10k a month on marketing.. and you need to risk that for the first year with no guarantee your going to close anything.. would you do that would U pop out 5 to 10k a month on the come?.

Either way, 200 bucks is too slim for me.

We have slim margins but buy newer homes in great areas.Let me know if I can help.

I am curious to know the chances of this townhome getting financied conventionally by another lender, or are the chances very slim which is what I am starting to lean more to, due to the fact that loan guidelines are the same from lender to lender?

That's seems pretty slim on what is probably an older property.

The odds of finding one guy that has all of the licenses are slim to none. 

I had thought about that, but the market in the area we are looking, which is actually in your area, Woodstock, Canton, and east of there in Cherokee county seems to be pretty hot and with a rather slim inventory.

That leaves a very slim profit margin for the person you assign the contract to, and that's assume absolutely no work is needed to flip the house!

Yes, you could get a loan and transfer it and ye it is possible they will make you refinance it.This subject has been extensively covered, might do a little searching.You'll find that instead of the LLC BS, good management is the first line of defense, then insurance, if you master these two aspects chances of getting sued will be very slim and in the event you are, you can laugh it off and go to sleep that night.You open an LLC for business reasons not as an asset protection ploy as it is a very poor method.

So the risk of any future loss during your ownership is slim and none.