They could also be an option since they can serve as a one stop shop.

Residential property on a street with similar lot sizes. 

Depending on the size of the deal that wholesale fee may be nice enough to just cut and run and play in your own backyard like Steve said.

If they opt not to pay their rent, serve them a 3 day notice to pay or quit.

A title company should be able to look at the case file to see that the mortgage companies were served properly Your situation is very specific.

If my family were all in agreement would we be better served to create a holding company to manage our assets

MartinMy dad started in the land business in the Santa cruz mountains  Loch Lomond area in 1964.. bay area folks were buying lots for weekend homes.. ton of land in those hills. and if your lucky enough to score a mid size acreage with redwood you could log it as well and make a bunch.

Depending on the size of the building we would propose 5% to 7% of the monthly rent. 

We are a decent sized wholesale group in a few markets in Florida.

Concrete:  $75 a yard installedBrick:  $.50 per brick installedpainting:  $100-150 a room with trimexterior painting: $1800-$2500new hvac : $2300new window:  $100-$150 for standard sizes x 2 for installdrywall : $12-$18 a sheet finished (depends on finish level and size of sheets)tile: $5 a square foot installed (add material cost of between $2 and $10)basic stainless appliance package : $2500hardwood $2 a sq. foot installed $1 a sq foot to refinish (add material cost of $2 to $10)plumbing:  $100 per fixture to install and $100 per fixture rough-inelectrical: priced per outlet and per fixture for both rough-in and installTotal rewire of house:  $3K-$6Kupgrade electrical service:  $800Total replumb of house with pex (no slab): $2K - $5K10x10 set of cabinets no frills:  $2500, about 1 day for a capenter to installcountertops: $1500-2000new roof:  $5K (metal including materials)deck:  $2K-$5Kbulldozer/bocat:  $80 an hourdumptruck:  $1.50 per mileCarpenter:  $35 an hour low end + $10-$15 an hour for helpers. 2 carpenters can frame an entire house in less than a week.