If you consistently analyze properties, recognizing a good deal will be much easier when it shows up.

An LLC can be treated four different ways for taxes: as a sole prop, as an S-Corp, as a Partnership, or not recognized at all for tax purposes (IE it is a disregarded entity).

Recognizing the complexity of the venture, I have outlined key components that I believe are crucial to success:1) Securing Hard Money/Private Lender2) Establishing a Real Estate Agent Relationship3) Identifying Properties with a Minimum of 12% ROI (After Comprehensive Analysis)4) Finding a Reputable General ContractorI acknowledge that the above list lacks some context required for successful execution.

And also haven't found information on these threads on whether a traditional lender would recognize a contract for deed as true ownership and allow me to refinance.This investor has 8 other properties and I get the feeling their spouse passed or something unfortunate happened (the investor is in their 60s and all their properties have what I assume is their spouse's name on them too) and now they're just slowly off-loading them instead of dumping rehab money into them.

“Practice of law” means providing legal advice or services to or for another by:(3) preparing a document, in any medium, on behalf of a specific person or entity for filing in any court, administrative agency, or tribunal;(5) preparing a document, in any medium, intended to affect or secure a specific person's or entity's legal rights.In Arizona, it's not lawful to file Probate papers for someone, if you are not an attorney or a licensed “Legal Document Preparer”Since the wholesaler is neither an attorney nor a recognized “Legal Document Preparer”, the AZ BAR is looking into their "possibly practicing law."

I'm fairly new to real estate as my current home is only my first, so I don't want to lose my shirt -- although I recognize this is a risk to begin with, no doubt.

Each of them are acting as agents of the partnership.In a Joint Venture however, each member is acting as their own agent and the court will recognize that there is a wall of protection from one member's actions to the other.

I think Zillow recognized this, that's why they were mostly buying complete/functional houses and just throwing carpet+paint in them.

It's a very big deal.You as ex-landlord are considered to be a creditor in her bankkruptcy but you MUST file a claim to be recognized.

:-)I think that's important to recognize.