I understand that typically a portion fo the fee is paid on execution of the assignment contract with the balance at closing, but to get this transaction to work the wholesaler will be paid his fee at closing.We could do a double-close but we threw this out as an option to the wholesaler to put a little more money in his pocket and save his portion of the buyer/seller closing fees on the AB side of the transaction.Any direction would be appreciated.

If I can shield a large portion of my income then it would make help make the argument to quit my W-2 job sooner and move into full-time real estate work.

On sale, bookkeeping wise, each portion had it's own gain and recapture.My current duplex, is split in two taxwise.

Most likely you’ll want to split the real estate and business and offer someone to partner with you on the real estate portion.

thanksI don't think I can help with the contracts and finding a buyer portion of the question. 

That little-known rule will force you to pay a portion of capital gain tax even if you could avoid it otherwise.

If you can live in an area that you want to live in at a reduced cost per month by having someone else pay a large portion or all of your mortgage, I'd say that's a win.Best of luckStephanie

@Brian Gerlach That makes a lot of sense, would I be right in thinking that I should get ones that are within the target market to help set a foundation in the area or is it more prudent to stay local for this portion?

Renovations included but weren't limited to: Point-up & sand walls, new paint, new floors in kitchen, new cabinets, new appliances, added washer and dryer, completely remodeled bathroom, bathroom door replace with a barn door, fixed pipes and installed portions of new piping in bathroom, recess lights added in living room, remodeled the back "patio" into living space (could be used for an office or den), steps in the back were fixed, new doors and locks throughout, new thermostat installed.. etc What was the outcome?

Renovations included but weren't limited to: Point-up & sand walls, new paint, new floors in kitchen, new cabinets, new appliances, added washer and dryer, completely remodeled bathroom, bathroom door replace with a barn door, fixed pipes and installed portions of new piping in bathroom, recess lights added in living room, remodeled the back "patio" into living space (could be used for an office or den), steps in the back were fixed, new doors and locks throughout, new thermostat installed.. etc What was the outcome?