., so, i'll bid 90% to try to entice 3rd party bidders so i don't have to take it into REO inventory.

Just want to point out that F,L & S is not legal everywhere.

Looking at a triplex and the ad says "unit is legally a duplex". 

You need to consult a local attorney and have them guide you on the correct way to "wholesale" if its legal in your area.

While some contractors work on a 1099 basis, I worked as a W-2 for safe harbor reasons (the IRS has vague rules about who is a contractor and who is an employee -- picking the wrong one can get expensive for the parties involved when the IRS disagrees with your choice).I also had to learn how to live on a lumpy income stream as a contractor (if the agency didn't have a project for me to work on [no "billable hours"], I didn't get a paycheck).

ALSO- The property I am looking at looks like it could generate about $80k profit for the LLC... would that be legal?

So legally couldn't spend the money anyway, so I've got a safety there lol.

Now I do know some states have a "Transaction agent" which has a duty to the contract and not to either party.

I'm not sure I understand the question, but as long as you give the current tenant the legally required length of notice for the non-renewal of the lease, after they move out, someone else can move in immediately.Edit: if it's clean and move-in ready

We'd legally rent it back from January 2019 through May 2019 and be moving out of state turning it back into a rental.I'm not looking for "that's a bad idea" - I'll come up with those conclusions on my own .