Originally posted by Ben D.

Now where would you like me to bend over?

. :)I had a good friend who wanted to go back to work .. very deeply religious.. and I said well lets buy foreclosures in Bend he last one day.. he said I can't do that I donate to the church to help people keep their houses and can't very well buy them..

If you are a "one trick pony" and only trying to wholesale or fix and flip with 65 % LTV, and have very limited money to invest in marketing,  it is not unusual to go 9 to 12 months with very little to show for it, maybe longerIf you are a transaction engineer, with a full toolbox, helping sellers sell and maximizing their equity, you can buy on "sub to", wraps, lease options, and installment sales on free and clear properties.You can jv with sellers on minor rehabs that do not fit traditional numbers.See @Dev Horn s marketing video "the rule of 7" which means it takes seven mailings to one list to get a meaningful resultWhere I live in Los Angeles it's not uncommon for people to spend five to $10,000 every month when searching for wholesaling prospectsWholesaling is not for the faint of heart. 

@Graham KingMichael Q has some unusual contracting going on, he is a lic broker in Calif and has a wonderful reputation, asking questions "piecemeal" without knowing all the particulars, I really can't comment on 1 clause.Being a principal and being on title, you can lease, sell, mortgage, assign, etc.

If you treat her as a contractor, even less because she'll have to pay all of her own taxes.So....in the final analysis, it seems to me you are really bending over backwards, creating unnecessary infrastructure just to (MAYBE)  save a few pennies. 

There are all kinds of unusual people out there.

It is almost unusual for people to receive hand written letters in the mail and that is the main reason they get opened, read and responded to so often. 

If you bend on these rules because you know the HUD check is coming, you will be sorry! 

One of the nice things about math is it doesn't have to bend to any particular persuasion - liberal or conservative, religious or not, male or female, any dichotomy you want to come up with, math stays the same.