I could see that more easily if it was an arms-length transaction rather than a purchase and sale between family members.

@Kevin DombrowskiIf you are in fact buying the property from your family member and they are executing an arms length one year lease with security deposit, for fair lease value, you should be able to both get a fix and flip loan as well as also cash out at the completion of the construction project.

@Patrick Pavelski usually, without proper licensing you can't:1) Market properties for rent/sale you don't own2) Show properties you don't own3) Negotiate rent amounts or sign leases4) Do anything on behalf of a property owner without their explicit consentTrying to do any of the above without proper licensing is unprofessional.

The lease explicitly says no pets.

Keep in mind, lenders wont lend for short-term rentals where the city regulations explicitly state that isnt allowed.

Sign the offer "<your name>, <position> for <LLC Name>".Your LLC probably wants an OperatingAgreement that elects one of you as the manager/president/pick-a-title that explicitly authorizes you to sign on behalf of the LLC.If they want both of you to sign the offer....then I'd have both of you sign as <name>, manager of <LLC>, and not worry about it.

Prefer a 5 or 7 ARM.

But before I do so, I thought I'd ask the Bigger Pockets hive mind for advice.With the explicit stipulation that no one in these forums is acting as my lawyer, what are some legal ramifications I should be aware of before jumping into the world of wholesaling?

Make sure it explicitly explains the process for termination if you are unhappy with their services, but especially if they violate the terms of your agreement.3.

You doing an ARM?