If they are a reputable company they know what they are doing.

Side note - also make sure you do your due diligence and hire a reputable 1031 exchange intermediary.

From what I know wholesalers make their business by their reputation with buyers and sellers.

How would I go about finding someone reputable?

I have seen the same information in other places and will stand by this until I am presented with different data by a reputable source.That said I would still recommend using a LMO to make sure you get all the documentation necessary to smoothly resell the note in the future.Other states may have laws in addition to DF so actual milage may vary.

The whole thing on that complex from a reputable small company would probably be more like $8,000.

I also see loan servicing companies online but that seems to be the extent of it, how does someone go about finding a reputable one or should they be used in my situation.Thanks to everyone in advance for your help!!!

Of course, you should feel absolutely satisfied with the brokerage and their reputation in the area.

The quality of product you are providing, is what your reputation is built upon and sets a standard that you expect from your sub contractors as well as the quality they will provide.

See pertinent WSJ article: http://online.wsj.com/news/articles/SB10001424052702303843104579171791879768178Contractual guarantees from a reputable builder can offer the security you need as an investor looking at out-of-state properties.JV