It's awesome that you got the verbal offer accepted.Here is what I would do:Get the offer signed and throw in a token amount of earnest money to make it legal.

Our legal system at work.Tenants know this and take advantage of the system.

Legal fees.Accounting fees.Lost rent due to a lengthy eviction.Tenant damage above the security deposit.Utilities, at least when its vacant.Capital items (e.g., appliances, carpets, furnaces, roofs, etc.)Speaking of carpets, new carpets every 3-5 years.Property management.Make ready costs.

not legal advice because i'm not a lawyer but good luck in finding the broker whose going to put the legal monies behind an agent for you talking to their contracted client.

3/2 1,200 SF$0.40 on the dollar (or 40 cents on the dollar)(XXX)XXX-XXXXI like the 2nd option better, because with the 1st one, you will get a lot of people looking for a home for themselves, which you aren't really looking for when you're wholesaling.Check with your city or county offices to make sure that bandit signs are legal in your area.

I have a broker that steal my broker fees and didn't perform on the loan. worst i borrow the money from another investor. what is my options legally?

(In California, illegal immigrants are legal!!!)

. : ) No legal advice.

But we borrow $ using trusts and LLC's all the time.The reality is, even if you have it in your name, just long enough for the financing to stick and then move it into a trust, you have created the entire trail anyone would need to connect the dots and subpoena disclosure of the trust beneficiaries.I encourage anyone using the strategy Kris describes to make sure you have competent legal counsel who is very familiar with your investing strategy.

If there is a must do checklist/guideline to follow for having a succesful purchase I would love to hear about it or like I said what do you do personaly to prepare.