I'm pretty sure the super rich and famous have pre-nups before getting married so follow what they do.

Famous quote.

So we want to go for deal #2 but there is a problem, the neighborhood we want doesnt have the right house on the market. I know exactly what I want and know the 25 houses in the neighborhood that has what I want. So I...

He's treating me like a rookie (which is true, I am a rookie) but I don't think he's seeing the actual math. your transacting in an honorable way... you do inspection inspection comes back with issues you retrade or offer.. offer is rejected you terminate and get your EM back.. happens every day.Here is what some folks do though that is not cool and its folks from a certain country but I wont name it.. this happens mainly in Vancouver WA when I was buying courthouse steps and reselling.. these folks would wait to the day before closing and just say Hey if you don't lower the price by 5 to 10k we are not going to buy and you can keep our 1k EM... that happened once to me I said forget it and moved on.. but my wife had it happen to her sellers more than once.. and the issue was these are civilian sellers IE they had another home picked out house all boxed up loans ready to go etc.. and some caved.. so with these people from then on my wife would on our properties and her clients counter with higher Em and non refundable and released  like 10k.. which was super high at the time. if they did not do that we passed on them.. that is bad juju doing what these folks are famous for in Vancouver WA.

I may have misunderstood, but I thought that as a wholesaler that was how it worked, you found the deal and were basically paid a fenders fee, but you never owned the property....that is how you got started without money.

I am glad to hear you say that, very similar to my mantra, I am famous for the line "We'll figure it out"@Ben Freiman Thank you!

Generally you should know that Milwaukee is a bit complicated and often misunderstood.

i misunderstood your overall argument (because i did not read the entire post) :oops: if you're a sole proprietor, or just Joe investing in rentals and your plan is to amass many rental properties in order to build a gross monthly income of 50k a month - then financially speaking - you are probably right (again, i'm no CPA).but if someone is interested in building a business and a business reputation, offering services to the public such as rehabs, construction, rentals, commercial - an LLC or CORP offer maximum potential for growth.what do you think?

I may have misunderstood him or he may have misspoken. 

There's a very famous CA investor who I heard accidentally found a mobile home for sale in a park in CA for 3k.