You probably don't want to be dual dipping on a transaction anyway. 

2- IF only $30K is labeled & considered OPTION CONSIDERATION funds paid for the OPTION (thus Not immediately taxable) What do you call or or would be a proper way to DESIGNATE the other $30K in funds given to the Property Seller?

Looking forward to hearing from you! 

Thank you!

@Emily Ellis I'm not a lawyer, however several properties in my area I found thru 2 separate wholesalers, turns out they were marketing a property which was listed on the mls and they were "in contract" which was bs, ended up one of my agents brokers were the listing as g ed NY and pulled the the excepted offers from them.

Often, states will provide child support calculators, which are a great starting tool for those strictly looking for an estimation; these calculators tend not to get into the nitty-gritty of finances, however, as they don’t factor in your specific circumstances.

Thank you David.

can you house hack? 

The name you select may seem minor but it matters for bank paperwork, claims that are brought, lien filings, deed recordings etc.

Do you have an attorney helping you?