Now it appears as if the PM company is following in those footsteps.I spoke to the neighbor in an attempt to correct that situation and I am hopeful it has been resolved.

If it is your first flip and the subject property does not have recent comparable sales in close proximity to your subject and you are not “really sure” because of a lack of similar property sales, consider passing on the deal and wait until you have more experience before attempting hard to value properties.

Calling yourself an investor (sounds better and is more impressive) but it's also a justification in an attempt to avoid the license issues.Missouri really doesn't buy the "equitable interest" angle either, if you do "a" deal, there won't be a problem, if you do 20 deals in a year it's a method of operations as a dealer.Your LLC is an alter ego, an entity in itself and is subject to the same legal issues you would be individually in RE.

We are attempting to buy and hold a second as of yesterday.

We are attempting to buy and hold a second as of yesterday.

If on the other hand you are attempting to cover up defects in the property, I would question whether it was worth the potential damage to my reputation.However, either way if you can sell direct to the potential home owner with light makeover for substantially more profit than to a rehabber, then sell to the home owner.

Any fee paid needs to be validated and revealed on the HUD-1As for wholesaling : It is illegal to attempt to sell something you don't own.

However, if all attempts for saving the property fail, I want people to know that hope still exists.

The good and bad people usually have reps.Your situation is indeed unique and with all this new healthcare legislation I couldn't even attempt to help you with that.

Your property sounds as if it is covered under the SAFE Act, I don't know if your buyer qualifies as a commercial dealer, but you need to get to an attorney and not attempt this yourself.