Each state defines their own specific criteria within the guidelines of the ACT.I believe Karen's goal was to get insight into hard money and private money loans.

Your questions are so broad they are difficult to answer.

In the manner in which you were doing your calculation, which was correctly defined above as incorrect, and I see this often, you were taking your net profit and dividing by the investment term.

I also wrote a sort of "manifesto" that helped me re-define the kind of investor I wanted to be.

Im not looking for comments on my specific situation, which is why I was broad.

I think for most people looking into wholesaling, the margins in new construction are too thin, the entry captial requirements too large, and the necessary knowledge base is too broad AND in depth.

Define who you are trying to wholesale too??

The operating agreement says (I paste directly from my OA): "The Signature from the members whose capital interest as defined in Article 2.2 exceeds 50 percent and the signature from the Chief Executive Manager are required in order for the managers to make decisions related to (a) the sale of the Company's assets; (b) the purchase or other acquisition of title properties or other assets of all kinds".If the title company doesn't ask for the operating agreement, how do they know that a manager can't sell the property without the authorization of the CEO and the major investor?

This is one of those topics that is defined by each individuals situation at the end of the day.

No I do not define "net to seller" anywhere.