I checked with the Real Estate licensing authority and they concur.How can that be fair?

There's also a house on the golf course in our community for $114K, weird looking exterior, single car garage and fairly small.

It was not the group I was looking for, as they did not like wholesaling (acted like it was equity stripping and dishonorable), which I am interested in doing, in a thoughtful, fair and profitable way.

I'd start there - it is fairly close to home, and you can definately find deals.

That hardly seems fair that there would be a "penalty" for just allowing that transaction.

In the interest of fair play, here are a couple of companies that offer online rent collection services, one of which is mine, but you should pick the one that best fits your goals: ClearNow -- just electronic checks, but simple and easy to set up RentingYourHome.com -- electronic checks, AMEX, VISA, MC, PayPal, has more features Payment Services Network (PSN) -- excellent product, but complex for a small landlord to set up; must be underwritten during process PayRent -- electronic check, AMEX, VISA, MC, PaypalIt's better for you the landlord to accept credit cards b/c you never deal with default (VISA chases bounced checks, not you), and they fund faster than checks.

Even if their appraisal seems fair, fight it.

If you go to member list and do a sort by location a bunch of names will come up but it doesn't show anything in the location box.

Set up separate checking accounts for the LLC and have all rents paid into them.Then, and this is important, if you want the LLC to provide actual protection you need to deduct a fair market management fee before paying the remaining rent back to you (the owner), typically 8-12%.

Wholesale Value, To be Moved in Fair shape with State Adjustment.