Does anybody know the legal way to wholesale a shortsale to a rehabber or how to work with realtors who sends you a shortsale?

Just because it's legal does not make it right.

Is there a legal and proven way to wholesale shortsales and if so, how?

(Not done yet…about 3 classes to go) The classes I’ve taken have most certainly taught me a lot about investing in real estate; from feasibility analysis to due diligence and legal entities and so on...

I know the responses to this post should not be taken as tax or legal advise but would the seasoned investors who read this post like to share some of the write off's that they like to use.

We have a tenative agreement as outlined above, but as I started pondering the legalities I have come to the conclusion this was a little more complex.

I want say that I'm not intelligent enough to eventually learn all the legal in an outs.

Antowar,You are missing a BUNCH of the expenses; such as vacancy, management, maintenance, advertising, utilities paid by landlord (at least during vacancies), legal fees, evictions, capital expenses, etc, etc, etc.

No more extensions, nor would we simply go away, and he could expect to explain the difference between what had actually happened and what he’d been telling us and, and further explain his legal opinion of their rights in any action we might take to enforce the contract and claim damages.Two days later we closed without the deed having been recorded.

You missed a BUNCH of the expenses, such as vacancies, management (even if you do it yourself), advertising, utilities (at least during vacancies), legal fees, evictions, capital expenses (not technically an operating expense), etc.