You've got no legal right to change those locks.

When you subtract the option fee from the predetermined sale price, that's acting as a down payment and could affect the legalities of the deal.

I would appreciate for anyone to help me getting started to wholesaling in real estate when i hit 18 in january i look foward starting a carrer in real estate for my future but i need help to get prepared i got the basic of real estate of wholesaling but i need to know all the legal aspects of wholesaling of doing it safe and compliance with the law☺

My questions are: 1) how many roommates am I allowed to have legally?

Wisconsin area stating that last year they started a rent promotion program where if tenants have a certain amount of volunteer hours logged with a list of pre-approved organizations in the city where the rental units are, that they got a 10% reduction in rent. 

Is it a legal apartment? 

Highly unlikely the local building department would approve a permit in the city.

He is already pre-approved for an FHA loan maxed at 200k and he has extra cash im sure of maybe 5k-10k.

The situation is this: My Grandfather passed about 20 years ago and left his estate to 4 children, uncle1, uncle2, aunt and my fatherThere are multiple properties/parcels (6 total) in the estate that are co-owned by the 4 siblings, all 4 names on the deeds.Uncle1 defaulted on his personal mortgageLien holder(bank) repo’d his home but home was underwater, and thus still owed beyond the repo.Lien holder found out about the shared/partner assets that uncle1 had with siblings and decided to go after themI'm not clear on the exact process, but I believe the bank will take possession of uncle1 (1/4) share in the partnership properties then will legally force the 4 way partnership to be dissolved through a court proceeding.The other partners or another investor are able to buyout the bank owned (1/4) share at an appraisal price.The appraisal is filed with the court so there are no shenanigans with valuationIf no buyout then the whole property goes to sheriff saleTwo of the parcels are rental income farmland, these are the ones I'd be interested in investing inNobody in my family nor my grandfather are/were farmers, the acreage has always been rented outI’m trying to determine whether I can buy out Uncle's1 share from the lien holder bank at the appraisal price with an IRA LLC and become the 4th partner?

@Eric Adobo are they unable to get funding approval to buy it right out?