Also, if this is a Fannie/Freddie REO, They impose a resale restriction (no sale within 90 days for more than 120% of your purchase price to anyone).

Trying to plan your reinvestment so you have the same equity is a difficult and unnecessary thing to do. 

Some investors walk away with a false sense of security and a lot of unnecessary overhead work and costs. 

Buy blank checks at Office Depot and you can make them in your laser printer.I know some people setup different accounts for each property, but that seems like unnecessary extra work.

So, if you want to say they were "rejected" for the unit they applied for, then fine. but calling it a lack of management skills is unnecessary.

I will try to get close to this strategy and change or remove any unnecessary expenses I have.

I know, I didn't want to overshare unnecessary information for you all to have to sift through.

If it's not a normal part of AZ transactions, I would avoid using an attorney as they would be unnecessary, might complicate things, and charge you for doing so.Escrow and title companies should be familiar with seller financing scenarios.

The most common difference is that the state will impose some tax or fee on pass-through entities where the federal government does not.Many business organizations are required to have the same fiscal year as their owner(s) have or to basically have a deposit with the IRS to compensate for timing differences.https://www.irs.gov/businesses/small-businesses-se...https://www.sba.gov/business-guide/launch/choose-b...

Maybe a state's attorney that didn't have anything better to do might go after a wholesaler, particularly if a bunch of realtors got their shorts in a knot and pressed the state's attorney over their lost commissions going to unlicensed wholesalers, but that would more likely go into a licensing review board that would impose civil penalties.