If you are okay with keeping books on multiple entities, maintaining completely separate accounts each, and ensuring no funds cross any of those lines, then go with an LLC per company.

I think it may be money that has to be included in things like a 203K mortgage - or maybe even a regular FHA to ensure the property meets their lending standards - and the money is escrowed until the work is done - then paid to the vendor.

He is lucky he was able to pay them to leave or it could be worse.So be very careful with those and ensure it is a neighborhood you know and can live in.As for the inspection its hard to know if you should be worried without knowing what the inspector pointed out.

You'll then need to find a fair approach to ensure you're actually billing for an estimated quantity of service.2.

It just gets you the legal right to file an eviction should you so choose.So I think there are some things you can to a lease to help ensure the tenant doesn't do them and do give you some recourse should they get caught doing them.

My wife and I have been researching wholesaling and have a few questions such as,,,....Once we've found a property in a money making situation and intend to market it to an investor, how do we ensure the investor doesn't go around us to buy the property themselves?.....

Here's what I learned: The city can take a 2nd position regarding liens for a period of time so sale can go through.I would talk to person X at the city who has authority to lower or remove liens and get a commitment for what that would be.If I do $500+ in repairs, then I can get a renovation waiver for 6 months so the property doesn't generate any more fines.Violations exist beyond the liens and I'll need that list of violations to walk through with the inspector/contractor to ensure I take care of those in the remodel.Boom!

Also, that is a smart idea, and definitely something I should have done to ensure this was a legitimate deal.

I asked about the non-disclosure form and was told that it was to ensure that we don't bypass one another during the transaction.

How are you going to ensure that they're actually showing up every day and devoting their time and attention to your job rather than other jobs where they have to be more accountable?