Understanding the legal and ethical considerations involved in pre-foreclosure transactions can lead to trouble.

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

There are so many IRS restrictions and prohibited transactions within a Solo 401K that it makes it difficult to navigate.

Many now and for many years now have had restrictions on rentals. 

Your client should consult a real estate attorney to draft an agreement with the ex and ensure there are no legal or tax issues, especially since this is an investment property.

Seek legal advice, however, what I understand is that there are really two way to wholesale that is legal in the state of Arkansas.

I won't be able to make the cottage legal rental without living in the primary home myself.

But I’d’ also ask if the girlfriend is a legal US citizen?

We have a RE attorney & mortgage broker to make sure our operation is legal & compliant.

Signing the lease demonstrates they agree to the terms and then you can hold them accountable.If you don't do this, then the person named on the lease and paying the rent could disappear and you would have no legal authority to charge the remaining three for unpaid rent.