Get that in order with an attorney to make sure you are legally covered to give yourself the best chance of starting out right.How's that helps!

Check the legal jargon, and go with the best reviewee, and most streamlined commissioned brokerage.

still have debt (including mortgage), but would love to start learning how to get ready for retirement.

I will have multiple tenants and running my home as a legal business, but especially because of the higher turnover, I want to be prepared by creating an LLC to protect my business, and to employ some part-time help with the management of the property on-site.  

In my opinion, I would stretch out your available cash by utilizing hard money or private lenders for the purchase and rehab, then turn to the bank for term debt.  

We have the paying off student loan debt conversation about once a quarter but it just doesn't make sense at this point in our lives.

Sell the improved tract with the one legal description and keep the other.

It's important that the owner receive notices that their account is delinquent - I want to say that the fair debt collection act says you have to allow 90-days before you can start collection activity but don't quote me on that. 

or is there a smart and legal way to put a contract together which will let the lenders provide me with 75% of the appraised value rather than the contract value?

Beginning wholesaler looking to talk to attorney to find out how to legally wholesale properties in Michigan.