A hand shake and a quit claim deed is not way to conduct business.No if your a simple bird dog an you work under an investor and he is paying you a finders fee then that I could see.

. - (I can’t offer $80,000)Moving in, Rental, Flip, partner, bird dog. - (What should I do?)

So, you weren't a wholesaler...you were just a bird-dog...that's a completely different scenario...Btw, I'd be willing to bet that if a lender sees the wording above on a contract, they won't approve the transaction...As I've said before, I don't know of any legal way to wholesale a typical short sale without disclosing the resale to the lender...which is likely to get the transaction denied.

She really liked it and wanted to move in right away, but she has bad allergies and could tell the previous tenant (who was from the previous owner, not that it matters to this case, but FYI) had pets in the house.

My initial goal is to start bird dogging and/or working with a mentor for a bit so I can get a better feel for the wholesaling and flipping process before I start wholesaling, both standard and reverse (preferred) until I have enough financial resources and/or a partner so I an start investing in purchasing sensible single homes and small multi-family rentals to use for passive income.

Personally 120K for $1,200 in rent on a difficult to finance property with a monthly HOA cost sounds like a dog to me.

Wilhelmina Delco, State District 50, had some interesting observations about her neighborhood now being filled with dogs and people on bikes, rather than children, indicates the millenial trend towards urbanization.

Also a good idea to go work with a experienced investor and be a bird dog, do drive for dollars, and gain experience.

More room (yard) for pets (dogs).

Your contract is a dog, I don't see anyway to save your EMD because I don't see any way you find someone to take it over even with no assignment fee.It's better to lose $1k than to close on the house and figure out your estimates are way off and end up losing $15k.