This process can be very costly, requires zoning permission, in addition to all the items you listed.

Lending Provide a copy of the contract to your lender so they have the material terms of the agreement.

. :) For now, we are just getting into flipping and are trying to run some hypothetical scenarios though a calculator to rough out costs and estimated ROI for our first wholesale flip.Thanks for any guidance you can provide!

My advice is don't stop wholesaling as it will keep fast cash coming in and also provide you deal flow for your own acquisitions.

Any clarification you can provide would be much appreciated!

So in your example, if I’m trying to keep it but allow me time to save up for the eventual down payment, I could provide 1) an upfront down payment (a percentage) and then what would be an example of how the deal is structured for the time that I’m “leasing” the property?

When we had more properties we would increase it, but it was not linear, but for me comfortable would be $20k for the first property and $5k increase for each additional door on top of that. 

Just like you would do with any non-family contractor working for you:- get them to complete Form W9 for you, as you will need their SSNs- have them provide receipts for materials/supplies and keep those receipts- have a written labor agreement (how much and for what) - pay for materials separately from labor- make all payments electronically rather than cash so you can trace them- pay out of your business account, not personal- issue them 1099s next year if you paid them $600 or more for labor (for the whole year, not per job): https://www.biggerpockets.com/forums/51/topics/1167632-expla... 

(C) Criminal history is clean(D) Provide references and call the references2.

Hello, I am looking for a real estate attorney to review paperwork and provide advice in the case I need to invest in a SFR using a self directed IRA.