What's the best way to properly "plan" for an exit?  

To answer some questions above, this is a properly executed 1031 exchange of like-kind investment properties

I've decided to place an offer for around $11,000 and subject to Joe pulling the proper permits and having the proper inspections completed by the town building inspector (and of course another couple escape clauses).

Hi all,My partners and I are about to try and execute our first wholesale.

I want to thank Brian Gibbons taking the time to walk me through the different options I have with a prospective seller.Not only did I gain a better understanding of executing a sub 2 and LO, Brian armed me with the concept of JV with the seller.

Yes I believe in proper due diligence.

Yes, Yes, with proper deposits and built in protection with rent prices via maintenance reserves.This is one method we are considering rather than trying to find a flip to increase investment capital this year.Thoughts, considering low Cash on Cash but possible increased investment capital through equity?

I properly recorded a second mortgage on a property.

Hopefully this image posts properly.  

Let me know if you have any questions on the below link.http://www.irs.gov/publications/p551/ar02.htmlIncreases to BasisIncrease the basis of any property by all items properly added to a capital account.