I would be doing this to gain the anonymity of the Wyoming LLC, limiting my liability regarding the property to the LLC and also gaining the creditor protections of Wyoming law, since it only provides for a charging order that does not permit a creditor to force sale, direct distributions or acquire an LLC interest, even for a single member WY LLC.

The agent cannot "represent" both of you.

Are you sharing this with the other agents so they can do better next time? 

After doing the program for couple of deals, I find out it is almost impossible to make profit on doing Flip with their system, since they are providing these stuff:1.Sourcing clients with deals on Zillow, that is anybody can do that, you can't buy a property with very low prices2.Asking un-credited investors to borrow Hard Money Loan, I don't really think anyone don't have much experience should borrow Hard Money Loan, with balloon loan mechanism, it is basically teaching new-bees to suicide.!

As a local investor and agent here in Columbus, let me know if you have any questions or want to connect!

The option contract defines a "consideration" (money) paid to owner for the buyer's right to purchase per the terms of all the 9 items in the link I provided, including #7, the length of option time period. 

As a local investor and agent here in Columbus, let me know if you have any questions or want to connect! 

Could I have a real estate agent find a buyer for this contract/property and offer the agent a percentage of the assignment fee? 

I'm considering structuring an offer that leverages the assumable debt while providing an attractive exit for the current owner.

Hi @Jeff Nash - thanks for your reply.Given all the info you provided I believe I'm able to deduct the education, but correct me if I'm wrong.