Plus the calculators are strictly numbers and don't cue one in to the ramifications of "restrictive covenants" or "fee simple interest in the land".

You can be licensed and a "non-member" in my state, at least...having a license means much more transparency and accountability.

We will likely get an LLC for our wholesaling business, and I'm not certain if there is benefit in my non-realtor wife to have only her name on the LLC.

There are some risk management ideas you can discuss with the attorney that we see in commercial leases:- Requiring the Tenant to name you as an Additional Insured under their policy- Requiring 30 day notice of cancellation or revision of the policy- Requiring the Tenants coverage to be Primary and Non-Contibutiory- Including hold Harmless and Indemnification clauses- Requiring their company to waive Subrogation The Attorney can advise based on local laws other things that may be applicable

How would I set up a contract that protects my interest and will not force me to sell if they back out later. can I have them do a payment and make it non refundable if they don't have financing by the end of the term.

Sorry, that wasn't clear in your original post.If you do, you should have a clause in your lease that details the length of stay for non-tenants.

Hi Richard,I would check with your state first and foremost to make sure that they are a landlord friendly, what is the status of working with Section 8, and can you non renew on for any reason?

We want to avoid potential damages of non-use: frozen pipes, HVAC getting funky, etc.

@Steve Maginnis  I  supposed if it is framed to the tenant as a non-refundable move in guarantee it might make sense.

The purchase price of duplexes and quadplexes seem good on the surface but once I enter them in the calculator it’s non favorable.