I would also like some feed back on this event!

In the event your real estate is tied to one trick economic areas, it may be worth your while to take a look at some other areas that have a mix of industries.

Consult your attorney for his advice):1) Create a timeline of events starting with your initial communication with the contractor about the property.

I agree with the man above that getting involved with a local event or club for real estate investors to get a chance to find one.  

It covers you and the LLC in an event that a buyer makes a claim against you. 

@Gary JosephsIn terms of finding investors and building your buyers list, I suggest you attend the networking events that are local to you or to the areas where you're planning to wholesale.

More information can be found in the Networking Events Forum of this site (BP).

It's not uncommon to experience a paper loss during the hold period which is why its a very tax efficient opportunity.  2) If you experienced a cashout refi during the year, that is considered a return of your capital investment so is not a taxable event.2) Yes, a K-1 is what syndications send to the partners in the deal.

With a short time frame, it is far too easy for stocks to lose value.As far as purchasing rentals with the proceeds, that would depend on how much you could safely leverage the funds and what kind of return you could expect.Long story short....there are too many variables involved to get sound advice in a short blog post.I would start by writing down a list of goals and then seek advice from a trusted tax advisor/financial planner and real estate professional to get solid advice, based on your individual circumstances. 

I’ve been to the Dayton Real Estate Investment breakfast once already but unable to make any other of their events because of work.