Will it just be you, or are other parties involved?

I have heard that it is best to set up an LLC when working with multiple cash providers.

In this scenario, the investors leverages what they have in order to purchase multiple properties, scale and make more money. 

The type of property you buy has to do with what REI area you involve yourself in. 

So multiple streams of income. 

And each buyer in turn will spend way more than necessary on due diligence until a sucker who doesn't perform due diligence comes along and buys this property worth way less than it appears.I'm wondering if the Real Estate Commissions in the involved states (NJ for the property, CA for the auction company) allow this kind of non-disclosure?

Basically, the chain of title is unbroken and free of defects and transfer of title can take place with little to no additional work involved above and beyond a normal closing.

If you're patient, the market will soften and you can flex your cash offer against multiple sellers desperate for a contract.

If you are looking to begin as a wholesaler, I would suggest you educate yourself as much as you can on the process and what's involved.

4) Should I involve a RE attorney or are the CA Realtor Assoc Board forms sufficient?