There are a lot of investors here who do it in the Poconos so I am sure some will chime in on their experience.

should i refi or just keep on market paying interest only? 

Someone suggested this.I appreciate any input on this.

Quote from @Arkadiy Iliyayev: Bump Nobody knows and getting into a political discussion on NP does not end well especially as it relates to immigration. 

Hopped up on the adrenaline of their first wholesaling seminar, they are sure they will have 100 deals in the hopper this weekend, but don't have money or an idea on how to structure a contract.

Awesome job and good deal!

Same thing on their side, they should have had this written in the contract.

There are NO institutional investors that will jump on this kind of deal, but you can maybe find a private lender or do a Joint Venture (equity split?).

I never run credit so I am curious to know from current lenders that deal with credit daily. 

If you take title to the property as an LLC with you as the only member (and that elects to be taxed as a sole proprietor) then the property will still be reported on your joint tax return and that would be fine.When you sell you can sell as that LLC and buy as the same LLC or another disregarded LLC, or as you, or as you and your wife, or as just your wife.