@Jonathan Towell Good call , that makes a lot of sense and I will use that metric going forward in my searches.

Now towel racks on the walls for you.

Originally posted by Steve Babiak:Some further reading where you might just find the answer you seek:http://www.biggerpockets.com/forums/87/topics/61286-scripts-for-calling-on-sellersSteve, do you have these threads in your back pocket written on a piece of paper?

Assuming not, then it shouldn't really matter. it's all debt tied to you, regardless of which house goes with which particular mortgage on paper.

I am curious how this would play out:The original Offer is signed by Member A of New LLCThe Operating Agreement submitted with Offer only shows Member ANew LLC is sold to Member B by selling the membership interest of Member AAt closing, Member B shows up to sign on behalf of New LLCWhat type of paper trail is required for this transaction so that the closing attorney doesn't blow a gasket trying to reconcile all the parties involved??

The only way out of the hole we've dug ourselves into is to start working again...........not just trading paper back and forth and patting ourselves on the back about how smart we are to have those dumb foreigners making our stuff.

Things have been pretty bad in that industry for almost a year and I am considering throwing in the towel.

I'm wholesaling and my strategy so far (I'm a nube but getting close to closing my firsat deal every day:) ) is calling for rent ads I see in the paper.

Thank you both for making me pull my paper work back to to review!!!

Then you realize you have Y days to find a buyer for your piece of paper for more money than you agreed to pay the seller.