Most wholesalers think they have a good deal when: ARV=80K, Rehab=20K, and they have it under contract for 50K, all they see is 10K profits. 

Here are two examples where knowledgeable and experienced friends made mistakes:A well established park owner bought a park and paid for it without separating the good will and equiptment from the actual land in the purchase because the contract was vague in that area.

I am waiting for insurance money to repair the fire damaged property.Can anyone suggest a way that a JV could be implemented in order for me to get:1) $350k upfront for my venture,2) get value for the insurance for the repairs3) after repairs sell the property pay off the mortgage and split the profit and give the investor about $200k for the $350k investment (plus repair cost)Just to want to know if there is a legal mechanism to do this.

Does anyone have any strategies for keeping tenants paying as close to the 1st as possible without causing a legal issue due to the grace period?  

Is there a reason for your accounting and legal fees totaling $1,000 / year?

If you find a deal, put it under contract, then market it aggressively, it will sell.

What kind of contract do I need to use to whole sale or for assignment or to try in purchase it myself if I am able to get funding?

I would add another (secure) mailbox at the property and move my legal address (change your DL & voting registration) there to that property.

When I get property under contract what do I do next?

I plan on doing my first deal within a month or two, but i have a quick question about how to get the contracts i need.Today i tried to get a lease option agreement template from a few sites like legalforms, rocketlawyer, and lawdepot.