So I'm not really sure how to structure the contract on a subject to transaction. Or rather a wrap transaction. 

First of all, I would like to say this is a very common subject when screening for a new tenant.

It makes it easier when us wholesalers are working together I am doing to jv deals at the same time with two pretty awesome guys so far and I am newer to the wholesaling side but I have heard about a few very bad guys to stay away from just by word of mouth and also doing what you said back ground check .One question of subject how is the market in Houston have been looking to move between Florida and Houston the last few years .

We have to do this frequently for short sales.  

I will also throw in I am brand new and looking for whole sale properties and properties I can take subject to and rent out.

That makes everything in the deal be subject to negotiations.Commission splits are a third rail discussion for Realtor Associations. 

I've been reading ,networking and frequently going to the county office for new leads and information but I still have yet to close any deals .  

trenchles line replacementHad that done from the clean-outs to the street;  these were clay pipes and easily split when the tool pulls the PVC from one end to the other.However, pipes in a slab most frequently are iron and you're not splitting those with a trenchless tool. 

Hopefully, I can frequent BP more often again :)

Selling shortly after completion would be developing, subject to ordinary income tax.