Hey Folks,I am new to the world of fix & flips, however I have extensive experience in construction management (though primarily commercial general contracting).

If not, the contract can be terminated and you would get your deposit back.

Please give me feedback as this doesn't quite fit into typical calculators and I'm not confident with my current calculations.I have signed an off-market Agreement of Sale (executory contract) on a property in the Phoenix suburbs. 

You may want to consider seeking a property manager and legal assistance.

As of July's Broward county YoY report: Closed sales up 7.5%Median sale price up 4.2% Original list price received down only 1.5% to 96.3%Inventory and median days to contract up 50% Inventory and months supply up 56%As far as a 20% price drop we are still going in the opposite direction down here.

I’m currently under contract on a mixed-use property that is zoned for CB (Commercial Business).

Multiple 2/1s had contracts fall through (at least 3 that I liked) and sold for 50k-75k less than their March/April contracts.

You could even go under contract for a replacement property within the 45 day timeframe, if you find a property you really like.

You have three separate categories here: lending, legal, and tax.For the lending side, the lender has a clause in the loan documents in 99.9% of loans that allows them to "call" the loan if their is a change in ownership of the property.

The irony is most investors who form LLC's do not operate them correctly, fail to obtain appropriate types or amounts of insurance coverage, fail to understand their coverage exclusions, take short cuts and don't obtain permits, use unlicensed and uninsured vendors,  fail to execute contracts with same vendors, don't understand the mechanism of additional insured status, indemnification etc. and are actually more prone to claims and conflict with their LLC than the individual who does not own real estate in an LLC but understands these tools I mentioned.