I guess it does not matter if your transaction never gets looked at.I just recall the one's I did or was party too.. it was in the listing agreement it was in the purchase contract.. and with this one... it sounds like it would be an addendum to the contract changing vesting.. and if uncle looked it they may think there was not the intention form the beginning of marketing the property and then disallow it.. but again.. most of these I did back in the day... and I just recall that's how we did it... 

I'm fresh out of college with a science degree but have no intention of going on to med school; I much prefer the entrepreneurial aspect of REI and "sky's the limit" attitude.

You're looking for a motivated seller and you're looking to help them sell their house either by wholesaling or perhaps lease  option assignmentsRemember if you act as a principal in the transaction you don't need a license most of the time so you could offer a seller to buy their property on Subject to or on a wraparound mortgage or lease with an option with the intention to assignI would join your REIA president and talk to your president about donating time in exchange for learning the business of real estate investingKnow that this business is first and foremost looking for 4 things:1. 

My intentions are to use the VA loan to buy a house, maybe live in it a few months, refinance with another company and rent it out when a move. 

That should answer 90% of your questions.Be sure to do the calculations before buying if your intent is to rent it out. 

I am putting in a letter of intent for the 8 room apartment.This is my first offer on a commercial property, since I have only done SFH so I could be missing something in my analysis.Since I don't have a lot for the down payment, I was planning to offer $20,000 down with a 30 year loan amortization at 6% interest.

Long term; become an active real estate investor, continuing to purchase buy and holds, possibly flip a few properties in the process, all with the intent to grow my financial and investment profile.I'm excited to be part of the BP family and meet like-minded individuals who are interested in networking, sharing experiences, and building relationships.

I'd hate to see someone with good intentions like yourself, who is forced to scrimp on something or things due to flat out lack of funds then be labeled a slumlord, since the city has a MASSIVE hammer to whack the heck out of anyone they think of that way, as code just for exterior is basically a like new structure, down to the paint not chipping etc and they can rack up 20, 30+ code violations instantly and then take that "slumlord" to court, get a civil judgement so you can't even just walk away then, it will hurt or ruin chances for any other mortgage, they don't want that happening and I've seen it happen to people who most of the time, did deserve it. $5k won't even cover a cosmetic rehab and the city also hammered the biggest mega banks on REO homes they let slide, forcing them to hire crews I knew to spend $15k, $20k or more JUST ON EXTERIOR WORK, insides still trashed in areas where nothing sells above $50k or $60k, using same tactics.

If your intent is to keep your position in equal standing to your mother in law for whatever reason, then this is a vital time to make sure that remains that way.

The property is located in my wholesaling "sweet spot" (No intention of any rehab due to the location.)