They allow 30 days to pay balance if I'm the high bidder.

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.

In this instance, Either the purchase price will have to be lowered or the buyer and seller must work out another arrangement for the 15K balance.

The balance of properties will be moved in mid-September."

You accountant can help you with setting up a cut-off amount for checks to be written, (consider the balance of the account for a prudent cut-off amount) you'll make life easier for one to buy smaller items.

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.

There are only a few ways it can go OK.If you want to do this, insist the seller apply your down payment and enough additional money directly to the existing loan to bring it down below the loan balance.

So, the proper percentage is 5.55%.