I have been working with an accountant that is some what familiar, but I am looking for someone who deals with these types of things on a regular basis.

I think mine tends to be more banker like because of the scenarios I get wrapped up in on a daily basis.

I know some people in SI that buy all cash at sheriff sales on a regular basis and get good deals.

A lot of what was done as everyday business (for lease options, owner finance type transactions) changed and a lot of people are still doing things the old way.

I got started wholesaling 9 months ago with a very limited budget, writing my own letters, posting ads on Craigslist 3 times every day, and I got 2 deals in my first 2 months.

After a while you will be getting referrals on a consistent basis.

I work in the downtown fort lauderdale area and I can go to the courthouse everyday if I wanted to.

I'll also have to investigate into how the basis is calculated...

However, if something happens at the house that causes a tenant to sue you, you will only risk what is held in the LLC that is separate from your property management LLC.I am new to all of this and still learning a ton each and every day but I wanted to share this insight with you in hopes that it may help.

I would imagine the rate is a few hundred basis points higher because of this.