We formed a Georgia LLC (the two members are our "parent" LLCs) that outlined each of our responsibilities, contributions, splits, etc in the Operating Agreement and also transferred the property to the LLC ownership.  

Second there is the purchase and sale "P&S" agreement which is usually 5 pages long.The boilerplate offer to purchase agreement outlines who the buyer and seller are, what the offer price is and the earnest money deposits.

@Brian Knier You can't do the deal the way you outlined it.

We actually, have a page on our web site that outlines all the charges after the move out.

Link below outlines what he got in trouble for. http://www.justice.gov/usao/ian/news/2010/sep_10/9...

Note that the following is a general case which should apply anywhere, not my specific case (as I outlined above).The key team members:Property MangerThe property manager is your key team member.

There are scattered posts that outline daily activity plans for wholesalers & Realtors.It's been a long time since I had to have a "just starting out plan" and I am putting together some daily plans for those I am mentoring on identifying short sales and contacting Realtors.Any help, links, input from the BP community would be appreciated.

If the bank expresses they may exercise the Due on Sale Clause in the case of a transfer into the LLC, you can also go the route of using a land trust as outlined in this article.

The yellow rectangle outlines my property with the garage being on the south side. 

Here's an outline of closing costs on the Left Side:Adjustments for taxes & utilities ~$600Buyer broker fee (I waived my agent's commission but had to pay my broker's fee) ~$560Title Insurance ~$600PA Transfer Tax (1%) ~$370Misc fees ~$200