However, it's still an office at the address of my business.Would it then be the "principal place of business".Actually, just reading through the publications again: TIRS pub 587: page 3, Principal Place of Business states:"Your home office will qualify as your principal place ofbusiness if you meet the following requirements.- You use it exclusively and regularly for administra-tive or management activities of your trade or busi-ness.- You have no other fixed location where you conductsubstantial administrative or management activitiesof your trade or business."

Your numbers look like you will cash flow around $500 for the 3 doors.Aurora, Illinois, I guess you could use the basement for a public access TV show..."

Cross check sold listings with public records to determine who the buyer was.

If you are leasing your own properties there are no tax advantages to using an LLC or corporation though there may be legal and asset protection reasons to use them.If you are flipping, managing properties for others, wholesaling or developing you may have tax advantages to using one or more various business entities.

They also require a $200 deposit.I assume it would be in my best interest to also screen the tenant to protect my interests and take a deposit as well.

I assume that's not the case...Regardless, if you do a double close, the seller won't know about your end-buyer and your end-buyer won't know how much you purchased the property for -- at least not until after the transaction is completed (the information will eventually be public record).

As, a wholesaler, you deals should never make it out to public clubs, because if it's there, it's not good enough.

There used to be a saying "As California goes, so goes the nation", with the liberal policies of California, cities/counties filing bankruptcy, prisons releasing thousands of prisoners, hundreds of millions in unfunded public employee union obligations, taxes and fees on every conceivable thing going up.....

I'm only making 1 offer at a time and am using a 15 day inspection contingency and a private funding contingency to protect my EMD.

Agreed with Karen...If you're experienced, your chances of success working directly with the owner/agent is increased.Of course, also like Karen said, if you aren't experienced, you could get taken advantage of this way...and may want your own agent just to protect your interests.