Yesterday I put in a offer for a Duplex. The selling price was $239 and I offered $225. It's a 2b/2b with a 2car garage and the other side is a 1b/1b one car garage. They counter offered and surprisingly they were fin...

It's not a bad plan, but I wouldn't be the note buyer for $65k on a property just purchased for $40k just because the seller says it's worth $75k.  

Not up to code and the only request the buyer requested off the home inspection.

So, ideally we would sell the house to a retail buyer with some kind of agreement that only certain amount of land will belong to the house and we will be working to subdivide the land.Has anybody done something like this?

The buyer received his money back for the appraisal and we are now going to try another lender.

Seller got $5,000 more out of it than the highest wholesaler was willing to offer and everyone was happy (yes you do not have to work for 3, 5, or 6%- you can get a flat fee commission of what ever you and your seller or buyer agree too).Overall, a real estate license for my son and I both to hold over the year is probably about $800 to $1000.  

What is the best way to build up a cash buyer? 

Don't have much of a buyers list yet.Just started doing marketing in my area (bandit signs, Internet adds).I'm scheduled to attend my first REIA meeting in a couple of days (very excited about that).

(I'm also very familiar with rent stabilization laws since I work in housing policy for my career, so I'm aware of how that offsets a lot of upside potential, at least in the short term.)Is this "Sub-1% Rule" just something you need to accept as a buyer/investor in LA?

And then when it hits the MLS, it'll be sold immediately with you as the buyer.