Legal fees, if any7. 

Besides the failure rate, wholesaling is legal when done right, but most programs teach you to practice real estate without a license which can get you in trouble. 

We need:1️⃣ Guidance on purchasing real estate as a group.2️⃣ Expertise in establishing housing co-ops.If you’re a real estate, legal, or co-op professional—or know someone who is—please let us know.

Also, I believe there’s really only one PM company in the local Marquette county area that has a Real Estate license, which is needed to legally manage other peoples rentals in Michigan.

Do not rely on it for legal advice.

Or for the high-end primary homeowner has no legal way to 1031 exchange; so the deferred sales trust is a no brainer.

So we would buy the aceage and since the legal descriptions still called out lot and block we would just start to deed out the lots to get them on the tax rolls and the Assessor would change the maps. 

Legally, my investment is now depending on Aloha's action.

Shoot me a DM and I'm happy to chat.Chris Also, Portland (in the city) has restricted STR licenses to owner-occupied properties, so that won't work if you're living in Salem.Wow good to know, thanks Chris! 

Be sure to review the legal documents, oral representations won't stand up in court.