All others only have a duty to be fair and honest in their dealings while working within the confines of their stated fiduciary duties, unless of course you have a true "Dual Agency" situation.

This is a accounting situation Mike has left out of his equation.Mike also invests in areas in which he carries a fire arm to the site, is faced with crack heads and low lifes (as he states in many posts on BP as well as his own blog).

Just thought I'd clarify the situation a little further.I think the rental market is strong here; the house is two blocks from the college (not that college kids are always the best target market, either) and just from driving around and watching FOR RENT signs and the newspaper it looks like there is a fairly high occupancy rate.Thank you very much for your quick response - I will continue to do research and figure out my options.Josh

These types of situations though very difficult do pop up occasionally.

How often do you guys have the seller get fired up that you are selling the property basically for more than what you bought it for.How do you handle situations like this.I am also wondering how often you get the hard money lenders to pay for the assignment fee, and how often the end buyer pays it upfront.Also, what percent of your assignment fee generally goes to taxes?

By having all of that at one bank t he can look it over and get a pretty good overview of my financial situation.

Ben,Can you give us a update on the situation?

Furthermore, I brought up the idea of setting up an intranet neighborhood website where residents could voice their opinion and stay up to date with the latest news and they flipped their lids.Anyone else have similar situations?

Ok my situation is, I have seen alot of info on wholesaling houses, but what about commercial properties?

You would be surprised what a couple of hundred bucks can buy you at a good real estate lawyer's office.I was in a similar, yet different, situation when I bought my boyhood home from my parents.