If you print the articles of organization, and then print your EIN filing from the IRS web site you'll have enough information to open a bank account.

I know from her speaking engagements she proposes investors use a 35% operating expense rule instead of a 50% rule as a high level gauge for deals.

In the overall scheme of things, I think it's a small price to pay.Now for a tiny operation like mine, this type of deal is feasible.

Do we need a license to operate the business?

Moreover, once you finally do close on these wholesale deals, the tax man is going to have his hand out since this is ordinary income (the normal assumptions apply).So, $100 per hour may not even be close when you include the real world operating expenses.

Most inspectors there are simply members of a national organization such as NASHI or others like it.

(c) "Person" means any natural person, any form of business organization, its officers and directors, and any natural person who authorizes rent skimming or who, being in a position of control, fails to prevent another from rent skimming. 891.

Make sure you are operating on the correct side of the fence.

Over the long haul, your operating expenses will likely average out to 45-50%.

May want to look into Landlord Locks as you scale up your operation...