Well, you might want to check on the real estate agency laws to be a property manager and ensure your LLC is properly registered as well.

They will yank them open when not in proper position damaging locks and more.

If I'm reading Eric's question properly, that was an area Guidant cautioned me on.

I've closed some deals with wholesalers on 1 page contracts just the same as longer ones.As long as you have sufficient verbiage to allow for due diligence or option periods as well as the seller allowing proper access to the property for buyer final approval I think you should be fine.

So, the proper percentage is 5.55%.

It is not much better than going on a future trading forum and telling how much easy money you can make in real estate.I know a couple ways that work, but without proper managment and proper capitalization, you may have dizzying drawdowns for many months.

What is a more proper way of comping a house/deal?

The C Corp is really no more adminstratively intense than a good LLC properly managed, both are very similar.

Plan to spend $20-30K to get this set up properly.

My point is that as you talk to the building division take good notes and ensure you understand what you may have to include as a cost to develop the land and then build whatever it is you plan on or can get approved to build.