Adjust the lease term prior to closing, period.

Hey all, How would you set this up?

Do you have cash set aside, cause $800k with value add is just unrealistic.

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Set boundaries.

I have never seen the bids stop in the middle.Typically the reserve is set for the amount of money due and all other fees incurred.

I have got some meetings set up, but I would love any suggestions. 

6% has never been a set rate. 

we are just starting out and we are wondering if we should set up an LLC or get any insurance before wholesaling a property.

David, rental income is passive income.Placing your rentals into an S-Corp usually doesn’t make sense from tax standpoint because you will be exposing all of the income to SE tax.If you have a portfolio of rental properties that you do manage yourself - you could set up a property management company and charge PM fees, this income will now be considered “earned” and eligible to contribute to a retirement account.