I have an agreement with a buyer and seller on wholesale seller finance deal but I can't find an attorney who has time to draw up the contract for me until next week.

A lot for the exemption depends on where you'll draw investors from, but a Reg.

You can mitigate this risk by either buying in a market that is not declining, or getting such a killer deal that you have a considerable margin of error / safety.

This allows for the greatest level of protection from both civil and federal lawsuit as well as tax mitigation.Granted you won't need that now and I highly recommend pulling in a lawyer to draw the documents up.

IRR allows you to compare deal to deal better because that return takes into consideration the time factor.Hope that helps.

You can have an attorney draw up a Partnership contract. everything is negotiable as long as both Partners agree.Check your local REIA (Real Estate Investors Association), other investors will have referrals and more info on this type of thing in your local area.

I will need to draw out the equity of the property to pay off my lender in 6 months.

If you cannot confine printing to one block -- draw the area on a legal pad, identifying all streets, alleys and property parcels with structures, size and shape of structures and vacant lots.

tax the approximate cash of 77k and buy a 4plex for 250k to 280k in another city and get considerable cash flow.

The other LLC member can make a contribution for consideration of his/her interest in he new LLC.