One post suggested adding the PL to my personal life insurance and adding an operating agreement clause stipulating the PL gets paid from life insurance proceeds.

However, I have read stories on BP about local governments stipulating what type of siding can be used and all sorts of stuff.

I looked at a house yesterday that I really though had some potential for a flip.What I want to know is this:Should I fill out my own contract with my stipulations?

So let me be sure I have this straight, you find a property you want, approach the seller with an offer and negotiate a contract of sale...in the contract you stipulate "yourself or assigns to" as the buyer then you try and wholesale the property and charge an assignment fee for being the matchmaker and you assign the contract to the actual buyer, correct?

Obviously if you are buying the property you would need financing.Wholesaling is selling to other CASH buyers or non-conventional buyers because FHA and most conventional financing lenders will not accept assignments, and FHA and most conventional lenders will require seasoning, which means the seller on the contract will have to be in title for a certain period of time (normally at least 90 days and up to 6 months with certain stipulations).

However, with a short sale, Fannie Mae stipulates that borrowers will be eligible for a Fannie Mae loan after waiting two years.

In the contract (which has a stipulation stating that it is to be reviewed by my attorney) it does state that the seller is to provide a clear title.

The note can stipulate that the mortgagee (the investor) will get the principal investment back along with 25% of the profits when the house is sold.

My requirements stipulate no evictions in the past 10 years, and only 1 greater than 10 years ago.

They should be able to tell you seasoning requirements, income documentation requirements, minimum loan sizes, rural stipulations and a host of other factors that come into play when they are determining where to place your loan.