Your agent needs to reach out to to the escrow officer with cancellation instructions, this document will say who will be receiving the earnest money and all parties must sign it.

Additionally, there is an annual $800 filing fee for each CA LLC (each year), not to mention the additional administrative requirements that must be adhered to to ensure full liability protection, and then finally the hassle of the LLC filings themselves.That seems to be a fairly significant burden to incur on a property by property basis since these are only single family rental properties that generate only about 35k in rents a year.

I understand that he is bringing some capital to to game but he is not handling any of the other duties or day to day operations.  

All of our programs are low-doc and don't require income verification. 

. - I'd like to get access to to some of these deal streams and join a few REIA groups in the Dallas area to build up my network.

There are quite a bit of single family new construction or 2/3flat conversion to to single family.  

Trying to think ahead about the following scenario:1.  I sell a house that has underlying mortgage still on a land contract, which put me at risk for a due on sale trigger (understand the risks of note being called fr...

They sent all this over to the appraiser and after 2 weeks were able to to get the appraisal up from $66k to $90k.I'll be planning to do this with every appraisal moving forward that way they have that perspective from the beginning. 

@Jeremy Cohen,Double close ( A -> B -> C ) is illegal in most areas these days, thanks to it being so badly abused by short-sale flippers (I won't name names).You will probably need to to do two closings back-to-back: A -> B, B-> C.

From my understanding these are SEC rules and what most RE crowdfunding, startup crowdfunding, and third-party verification services (ex: verifyinvestor) all use.