I know this is a very big procedure but I'm sure with proper planning and networking it can be worthwhile.

There was no law stating that I had to do that  (show ID)"True enough sir - but in a civilized society gracious behavior should be a standard operating procedure.  

Not very computerized.Policies and procedures, some written and some in my head.   

You need a guestbook, check-in procedure, automated emails, etc.

As Ned says, the two most important resources:1) read you actual state laws and procedures, then2)) buy an hour's time from a local attorney who deals regularly with taxOnes.Most books are not helpful because strategies in one state are irrelevant in another, due to different laws, redemption periods, etc.

Hello,My question is about the procedures and costs of closing a Subject2/Wrap deal.Let me set up an example, I'll use these numbers since I have seen them used a few times on BP:Property Value = $100KRepairs  = $0Sellers Mortgage Balance = $90KSellers PITI = $830 /moI buy via Subject2 for $90KI sell OF for $110K (due to OF premium)buyer puts $20K downBuyer PITI = $1030 (Pmt and all terms set through RMLO)I carry a note worth $100K and receive monthly paymentsBefore closing, the buyer must be qualified by a RMLO to comply with Dodd-Frank & SAFE.

The IRS issued a safe harbor for reverse exchanges in rev procedure 2000 - 37.

Btw I still use larger print houses to send my large lists but use this procedure for smaller scale stuff like driving for dollars, code violations, pre foreclosure etc.

Please comment below if you have any experience "Driving for dollars" and/or if you know what the procedures are and what they look likeThank you

Any advice on your procedure would be much appreciated.