If you must, go there with a contractor on your "team", who you know and trust (preferably the sales person doesn't even know).

My experience is with older landlords they prefer to get more cash up front and shorter owner financing terms.

Originally posted by Will Barnard:That Realtor (listing agent) would get the seller's side of the commission, I would come in with my agent who would get his/her side (buyers side) - or I offer the list agent to double end and possibly kick back some to me, then I keep the spread between the locked up price and the price I charge my wholesale buyer.of course most listings these days that are anywhere near a deal are short sales or REO properties in which case they are not assignable which means I need to double close or use some other creative circumvention of that dilema such as using a trust or entity.Will is correct and that is the preferred method....

Disclaimer: I don't know Alabama customs or statutory requirements.

We don't all learn best the same way.While you might prefer to have everything in written form, someone else might be more visual and learn better with a presentation like that.

Never obtained a GC license(due to unwanted liability) and Built 44 custom spec homes in UT and around 50 in other States.

(April 15th, June 15th, September 15th and January 15th) These are the estimated payment due dates each year. http://www.irs.gov/pub/irs-pdf/f1040es.pdfIf your state has an income tax, you will have to find their estimated tax form and fill that in as well)Be prepared to pay 30% or more of your total income in taxes(Income and SE tax which is comprised of both halves of Social Security and Medicare)Second, since you are in business for yourself as a sole proprietor, you will file form Schedule C with your Form 1040. http://www.irs.gov/pub/irs-pdf/f1040sc.pdfYou will want to include your payments on your 1040 when you file your return.A single-member LLC would have no difference as it is treated as a sole proprietor for that purpose.If your LLC elects to be taxes as a corporation(preferably an S-Corp) You would be required to do the same thing; however, you will also be required to issue a W-2, and file employment tax returns.

I would prefer the market rebound and rent it in the mean time.

Thinking about customizing a little bit, but would like to see detailed plans for a house to research.For a good set of plans what should one be willing to spend?

Buyers and renters may prefer an additional bath, but may not be willing to pay enough more for it to make it a good investment on your part.