We closed on a 4 bedroom, 2.5 bathroom, 1,648 square foot house built in 1999, with a one acre lot for $104,395.08 total cash in an area with good schools on May 25.

Everything is dependent upon how the deal is structured.

Sort of like the bonus thing, I guess, but really structured more toward it being that we're partners.

Here are a couple of BP links:http://www.biggerpockets.com/forums/93/topics/70516-structure-of-wholesalinghttp://www.biggerpockets.com/forums/79/topics/6100-how-about-a-course-or-book-on-wholesaling-but-something-http://www.biggerpockets.com/forums/93/topics/54108-buyer-s-list-how-to-

I want to use hard money to finance the majority of these deals but I know that cash offers hold more weight.So would you structure your offer as cash and provide proof of funds for the purchase price but then ultimately use hard money or would you be more up front and show proof of funds and the letter from the HML and structure your offer as financed?

If i tis just the RE LLC, I would interested to hear what benefit comes from that which is above the current structure.

Shop around and get a good landlord policy. 25% premium vs. homeowners sounds steep since you will not be covering contents.The most important thing is to include in your lease that you are responsible for the structure and not tenant belongings or negligence.

They will be able to walk you through setup and structure as there are many other concepts to deal with such as survivor-ship if one party passes or how a party can be bought out, etc.

Its relatively new structure(1995) and it goes for relatively cheap price.However, it has some damage to the ceiling sheet rock and plumbing was also damaged.

I would think that if you structured it such that your buyer paid the servicer, who paid you, who paid the servicer, who paid the original note, you could feasibly still take the deduction.May want to bring Shawn Watkins in on this...No tax/legal advice.