If you wholesale, and there is only 1 deed transfer with a gap fee going to the wholesaler, that's ok in NJ.

This allows you to call a default if your borrower transfers property ownership to another entity.

They might suggest transferring the title to an LLC after you complete the purchase.

Please study engineering and you’ll have more of a grasp of why measuring amperes (electricity) or volume (water or natural gas) lends itself to reasonable precision.  

Also if you are an investor looking in Vegas-be very cautious-plenty are selling as “functional STR”- leading ppl to believe that the license can be transferred-IT CANNOT.

Speaking of which, did you do the exercise I suggested, which would precisely demonstrate that?

note investor buys a wrap note does not go through escrow and does not realize the person they bought the note from did not pay the underlying when the money was transfered.  

This will usually lead you directly to low barrier stagnant markets where the cash flow represented in your spreadsheet does not transfer to reality and the most of the equity is "paper equity" because you will never see it materialize yet many look at completing the BRRRR as the ultimate success.I recognize I am using some assumptions but let's assume you have $100k to invest and purchase and renovate a home in MARKET A for $400K but once renovated the home is worth $500K.

But, i do have a couple of LLC's, mainly for transferring property to children or spouse when I drop dead. 

@Isadore NelsonAre you responsible for any transfer taxes upon sale?