@Joshua Lee WegnerThere are 2 ways that people do wholesaling.1st method - They assign the contract to the ultimate owner.You are simply collecting a fee from the buyer in exchange for the contract.You will never own the property using this method and as a result shouldn't have to pay any closing costs.2nd method - double closing which is you will purchase the property from the owner/seller and then you will sell the property to the ultimate buyer.You will pay for closing costs(title work, transfer fees/taxes, etc)You will likely net less income using the second method which is why a lot of wholesalers prefer the 1st method.

But I didn’t buy or pay anything yet, just simply signed the contract, so I thought I had time.

@David Clinton III simply by finding a deal at a price I can’t I suppose

The heloc is simply a second mortgage that gets paid off in the sale and affects how much cash you have for reinvestment. 

Hmmm well the intent of a 1031 has to be into another investment property...I'd worry this may fall more into a gray area if its being entered into, already technically lined up to be sold but I could be wrong. 

if your tenants are month to month, then you can simply terminate the rental agreement.

Even Redbox is viable simply by removing a single additional step by bundling Redbox with one planned trip to the grocery store.

I bring this up to simply illustrate the point that having a good answer to the capitalization question, and a track record of closing deals and not being a pain in the you know what is what gets you deals. 

Simply inserting language into your lease does not make it legal or enforceable. 

Surely some do-gooder has come forth with the bootlegged guru material and made it available for free download with my pro BP account... no such luck...Can anyone send me instruction about creating a simply land trust?