I just think that in this market, in downtown Charleston, a house almost sells itself, and the Realtor's major contributions to a rehabber's hard work is mostly negotiating, crossing t's and dotting i's, etc.I think this whole thread began when my rehabbing partner and I met a Realtor who said he knew of deals off the mls that his yellow letters were snagging and that we could have a property within a couple weeks.

I have learned a bunch here, and continue to do so, so thanks to all who contribute.

You should each have a dollar amount of contribution to your partnership (likely structured as an LLC).

And think hard in the future about how much personal labor you're going to contribute.

It would appear money was the reward and not the reason for what they did and the contributions they made to society.

Isn't it amazing that rather than take responsibility for their own contributions to high electric bill, they'd first call on the landlord to complain about it.

Should the LLC need a capital contribution, my partner and I would each contribute an equal amount.

Other than additional mortgage liens and possibly HOA liens (if not in a super lien state), the bank will not contribute towards those either.

I hope I can be a contributing member of this community which by the way is one of the first ones on which I have done anything like this.

With regards to seasoning you can use financial assets for reserves as long as you have two full months or more of the asset by the time you draw docs so in technicality if you started a lump sum contribution to a PLI and had only 1 month statement showing your funds you would probably be fine because by the time the file is submitted, the appraisal is ordered, file is processed, remaining items are submitted, file is submitted to underwriting, and reviewed another month will probably have passed so you will have two months statements by then.