Account Closed Haha thanks.

You can do that with self-directed IRA, or better with truly self-directed Solo 401k plan, which has significantly higher contribution capacity (get the max tax break now), does not require a custodian and offers you checkbook control over your account (just some of the benefits). 

If so, the accounting for this gets somewhat complex. 

Taking into account taxes, insurance, vacancy, maintenance the profit is $316.

Hey Account Closed,If the property is currently listed, the agent would be owed commission as per the listing agreement.

Ok, when it comes to saving money, should I just put it in a savings account or put it in something like a retirement account and pull it out when I need it?

Why are people pushing the double closings if there are legal and accounting concerns from attorneys and title companies; and if that is the case why can't the wholesaler person attend the one closing between the seller and buyer she put together the way a typical real estate agent would. 

We only use one checking account and all the money goes in and out of that account.

I'm thinking things like not taking into account PMI or other expenses you didn't figure into your analysis of the property.In general, what didn't you realize would be part of your life until after you purchased your first property. 

If you give me $1 million to work with, I guarantee I can find a way to get you $100/month with that: a savings account.