Dion has included the notion of an "escrow buffer" here, but unfortunately using a three month buffer would be non-compliant; two months is the limit.http://portal.hud.gov/hudportal/HUD?

I just think that in this market, in downtown Charleston, a house almost sells itself, and the Realtor's major contributions to a rehabber's hard work is mostly negotiating, crossing t's and dotting i's, etc.I think this whole thread began when my rehabbing partner and I met a Realtor who said he knew of deals off the mls that his yellow letters were snagging and that we could have a property within a couple weeks.

I have learned a bunch here, and continue to do so, so thanks to all who contribute.

You should each have a dollar amount of contribution to your partnership (likely structured as an LLC).

And think hard in the future about how much personal labor you're going to contribute.

It would appear money was the reward and not the reason for what they did and the contributions they made to society.

Now, what I don't buy for a MINUTE is the notion that rehabbers or buy&holders have some super productive ways of marketing that wholesalers are not aware of - i.e., wholesalers use bandit signs because they're just not quite as sharp as those rahabbers.

Isn't it amazing that rather than take responsibility for their own contributions to high electric bill, they'd first call on the landlord to complain about it.

Should the LLC need a capital contribution, my partner and I would each contribute an equal amount.

Other than additional mortgage liens and possibly HOA liens (if not in a super lien state), the bank will not contribute towards those either.