I understand the inherent difficulties and I appreciate the warnings some of you may offer, but I am specifically looking for anecdotal takes on past deals and attempted deals.

So that I understand what I'm doing.

Would be able to exit and avoid capital gains if I understand correctly. 

In a wholesale transaction the seller is in some kind of financial trouble which the wholesaler is helping to resolve.You have two options an assignment or a double closing:I haven't done an assignment myself so not sure completely of the process, but in a double closing there is already a contract with the seller and the wholesaler who is fixing the liens on the title, when that is resolved there is a closing date where the wholesaler execute the contract with the seller and you execute the contract with the wholesaler.In general the closing cost in these type of transactions are covered by the buyer which it could be around 3.5% and it does not include sales agent fees.There is one thing that I didn't understand, it seems that the hard money lender is in charge of the transaction.

I’m open to anything to help better understand what people are seeing and their experience in this market.  

There is a really solid one here in Bloomington IN, but Terre Haute is a market that really interest me.

I feel like this is a solid deal and there is enough income from the property to pay for financing as well as leave me with a substantial cash flow.

As mentioned above you will find this verbiage in your “note” and it’s only 2 sentences.2 Really Important Legal PhrasesThe first really important legal phrase to understand in this clause is “may”.

I would respond equally bold, up the pressure and make sure they understand you are not a pushover.

I want to ensure my taxes are solid, since I would like to be able to qualify for a traditional mortgage next year rather than continuing to work with hard money lenders due to the rather high interest rates I deal with(I still make it work, but of course more profit to be made with a conventional mortgage).Thank you!