One of two things happen at this point from a tax consequence point of view.  

I need a macroeconomic view and I'm struggling to find good data.  

You will have to disclose your license on marketing, but I've never viewed that as a downside that couldn't be turned into a benefit:  if I were licensed, I would use that as a tool to discuss why a client should work with me rather than an "unknown and unlicensed" wholesaler.

In my view the Rule is clear and it doesn't allow such activity.

@Joe KimIn my area, a lease list agreement is for 50-75% of first months rent.With that being said, It does take a good amount of time to get a renter in place, and arguably the most important part!

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Hi Amy,Thanks for weighing in on this as it is always beneficial to get multiple view points on things.One of the reasons I like Wholesaling and think it is actually easier than many forms of real estate is that I am good at marketing and negotiating and that is the part I like.

Not sure I'm looking to get any real actionable info, but viewing this as a handful of interesting speakers.

If/when the seller becomes motivated to sell at a reasonable price, then you might want to be ready to pull the trigger quickly.If you really want this particular property, I would suggest viewing it and determining what it is worth to you (completely throw out the list price as it should not factor in to coming up with your own value).  

Not only from an investment analysis standpoint, but, from an accounting and tax point of view.