Greg -Keep in mind that the second closing attorney will NOT have a copy of the warranty deed from the first closing attorney, unless you specifically arrange it.If the second closing attorney doesn't have all the paperwork from the first closing (such as the warranty deed), they likely won't be able to close the second part of the deal.Make sure you consult both title companies before trying to do this...as long as you give them a proper heads-up, they should be able to work something out.

Make sure the $1k is a check made to a ligit title company instead of the wholesale (not to insult your inteligence, I just dont take anything for granted) As far as how to get paid, see if you and the wholesaler can come up with a mutal consulting agreement with a fee that will be added to the settlement statment at closing.

One potential problem with this approach is that it cause the loan to be called in.A lot of loans, especially HELOC loans, have a clause in them that stipulates that the proceeds from the equity that you recieve as a result of the loan CAN NOT be used to purchase real estate.The reason for this is that they want a separate loan on each real estate property to be evaluate on the basis of that paticular property.So ask about any such clause when you first consult with your bank.

Milken, of course, has a "pass" for some reason - he's a CONSULTANT to the bond world and a highly respected one at that..3.

Currently, I am involved in consulting and sales related to green building.

While you could make the contract yourself, you may still want a lawyer to at least look it over, as they'd be who you would consult if you had any issue enforcing it.

Nick I will contact the seller today and consult this with him.

Initially, I met with a Tax Consultant to ask how to categorize Misc Expenses.

The law specifically targets those of you in the following professions: Accounting (including bookkeeping and financial services), law, health, engineering, consulting (This is a catch all for a service based), brokerage (this includes real estate agents, insurance sales, stock brokers, basically anyone that sells for a commission), investment management, sports and performing arts."

Make sure you keep F&C home in separate entity, not cross contaminated with highly leveraged properties, and CONSULT TAX ADVISOR AND REAL ESTATE ATTORNEY.