The SPD is required to be written in a language or format that is easily understood by participants.

., understood and agreed.As mentioned, I may be a few years too late in this area - I was giving the numbers just as an example, but am mostly interested in past experience with a similar strategy.

(Again, not profit since it would be written off).I could be completely wrong, but that's what I understood your answer to be saying.

What Sheets' provides, that I found to be exceedingly helpful, is real estate investment information, boiled down to a clearly understood step-by-step process, put in a box and sent to you.  

IN MY OPINION that's what it takes....why because I watched my parents and grandparents do just that.Completely understood.

The reason can be better understood by recognizing that one party may not be willing to deal with another party under the same terms and conditions.

I woke up with both guns blazing when I understood how and why the wealthy create more time, manufacture time and work on the operation producing them multiple flows of passive income. 

@Ryland Taniguchi and @Jay Hinrichs, I have always understood the "double close" to be where Seller A gets paid by Wholesaler B; Title then is transferred to B; B then is able (even in Washington?)

I was doing a walk through on a move out and found candel wax in a closet at least 4 feet high where somekind of ritual had been practiced.

Brandon Foken,Thanks for the response. you understood it fine.