I've done 20+ double closings this year.

Now how does a double close work if i found a cash buyer and i wanted to flip it ?

Why is there double coverage, though?

Since I am essentially agreeing to purchase the sellers house, (though I am just going to assign the contract or double close) doesn't a Realtor have to be involved?

sorry, double post.

Did you do a double closing or assignment fee contract?

Taking Brandon Turner's advice, I nearly doubled my repair/remodel budget and my timetable.

I try to net at least double that for an investment.

I dont think the IRS is going after deficiencies on primary residences as income anymore, and haven't in a while, but I'd double check that.I'll defer to someone local on whether she can actually buy it, I'm just saying the result you are after can easily be accomplished by structuring it differently.

We used relatively modest capital improvements ($30K) and maintenance (5% of gross-does not include salaries) because we dont plan on using any of the income from the property for at least 3 yrs. i.e. everything we make will most likely be put right back into the property.We are a little nervous because it doubles our current operations and will now invole a partner full-time.