I'm thinking the OP has little experience so this doesn't really pertain to him and I hope he'll excuse me for hijacking his thread a little, but I have borrowers that have solid experience and I'd like to get them a better rate/terms if possible.  

If you want chat about it and your personal and financial goals pertaining to real estate I’d be more than happy to discuss.

I understand Nevada and Delaware have better laws toward corporations, but don't know if it really pertains to what we're doing.

Is there a specific type of assignment contract to ask an attorney to draft pertaining to wholesaling?

If you haven't yet, go check out the Bigger Pockets podcast and listen to any of those that pertain to starting out.

Patrick, thanks I am in the process of checking the local ordinances pertaining to rentals.

I work on the trust and estate side as it pertains to the tax aspects, trust/estate administrations, planning, etc.

Think answer is no, can't claim unpaid interest on 1099-C, but @paresh patel brings up good point about what hte Box 3 pertains to.

Does anyone know where I can find out the laws pertaining to wholesaling for Upstate New York, specifically Albany, NY?

Overlays that pertain to minimum tradelines are the only place this is likely to jam you up.