Again, I would take any reasonable initial offer since YOU would almost surely be on the hook for paying your own lawyer and no sense in making the same money after paying them a year later as you could make taking a small sum up front. 

other than that you own it.you drive out and its destroyed or you bid on a second thinking it was a first tough luck.its the same in most west coast states..

Hi Andrew,I own several single-family homes in Fayetteville.

It was based on what I spoke on to groups of homeowners looking to be the general contractor of their own home.PM me if you have any questions.

I noticed you do not currently have any REO (real estate owned).

I’ve had a bad experience with Dealmachine, which also owns Batchleads.

Plus if you do not have a well established team to get your project finished up before the end of the summer selling season, you may not get the return you were expecting as holding costs and declining values are eating profits.Option 2 sounds like a safer bet, but yes you will have to cover some expenses and may have to carry the property with your own cash until rent prices appreciate enough over the years to cover your mortgage payments. 

In San Antonio, I hired reps for this type of thing and the model they told me their previous wholesale company paid was as follows:Acquisition rep responsible for finding their own deal, contracting it for the company, getting it to closing gets 30% of the fee generated by the wholesale.

Would I be able to take my proceeds and 1031 them into a different asset outside of the entity (that owns the rental)?

Partner Driven financed the Foss Ave deal using its own capital, covering the $215,000 purchase price and $35,000 in renovation costs.