I won't get into the specific math here cause its nerdy and not necessary, but I spent some time 'fitting a curve' to our data and here is what I came up with: Here's what is going on in this graph: The labels on the X-axis are the median rent for a given city (I am purposely omitting the city names here). 

My relative decided to take some action and help promote the block to help sell their own property.

Sellers contract is going to promote mine....why.....because she/he will make more money all $6000, not $3000.  

What is the purpose of each of the contracts used when your wholesaling a property?

In that case, I'd take the lesser of the two, most likely the payment penalty, assuming there is one put in place, maybe for that very purpose...)This is just what is happening with me and I'm interested to learn what others tell you.Thank you for asking those questions.James

In addition, the LLC will now be treated as a partnership for tax purposes, which will have tax filing obligations. 

I know people who could have qualified for a A paper conventional loan but choose to keep tapping into these commercial products to take advantage of the straight forward, business purpose approach.  

You can if your plan your trip to align it with business purposes.

Hi @Larry Smet,Thanks for posting in the forums.However, we do not allow self-promotion, and posts looking for real estate agents tend to generate a lot of self-promotion from the agents on the site.We've locked this thread so it doesn't get filled with these posts, but we're not going to leave you high and dry!

You will want to avoid markets where a single industry dominates the local economy in the number of jobs since these kinds of markets a incredibly susceptible to swings in the market.Census Bureau: Building Permits Survey (BPS) The purpose of the Building Permits Survey (BPS) is to provide national, state, and local statistics on the number and valuation of new privately-owned housing units authorized by building permits in the United States.