I'm going to setup a meeting this week and I was hoping to get feedback on the question list I have come up with.Thanks for any adviceSteve_____________________________________________________________________________________Is it time to use an LLC to protect the assets?

In my opinion, any savings you would obtain from doing anything other than continuing to rent in your current situation is simply cost avoidance.

If you buy it, you're not a wholesaler anymore.Here's how you do it:1 - Make the offer in the name of an LLC for $10k, thus the LLC is the owner of the "contract"2 - Sell the LLC ONLY (with the contract to buy as an asset of that LLC) for $15k (the profit you would have made if you had to buy the property first)3 - Buyer of the LLC (and the contract agreement/asset) executes the "contract" your LLC agreed to for $10kResult:1 - No money comes out of your pocket...ever. 

I personally started out by obtaining my RE license (required to be a Property Manager in most states) and got a job as an Assistant Property Manager.

It seems as if this agent was quick to relist the house on the MLS but is dragging his feet to get us the paperwork we need to obtain our earnest money back.

From there, obtain payoffs on all liens and make sure your offer will cover closing costs and all lien holders will be paid in full.If your offer less closing costs will not net a full payoff to the lender(s) and lien holder(s) then you are falling into short sale territory which is going to require you to obtain approval from the lien holders to release their lien and settle on the debt without obtaining a full payoff.Both can be completed, but it depends on the specific situation and the status of the upcoming auction.

Assume used as an investment rental property.If I wanted to liquidate this asset and did a 1031 for a property "B" costing $2,100,000 and then a year later sell that property "B" for $2,150,000 would I then pay taxes on the $50,000 only?

Find out if there's anyone there already lending money or doing deals for the asset class you're interested in.

jordan, you beat me at my first year.i sold my first only rental a single wide trailer on own land feb 2017 which only paid loan earned $ 7k, profit on depreciating asset, all while living down street in foreclosure i bought earlier, zero down, since it had 2 "homes" on 15 acres  i had it surveyed with new deed and subdivided  the 3 acre back lot camp barns, then went credit union put debt consolidation note on camp since owned outright, no appraisal or inspection needed,  cleared ratios to refinance the bigger nicer one home, used that money cash out to help me buy a 3 unit, financed fix up money, then moved into 3 unit, rented primary home, rented 2 other units, then with 3 rental units income qualified just bought 3 b1 b house to rinse and repeat now in process to refinance my fixed up 3 unit. now i just incorporated after joining bp, thats all in last 15 months. now if i can get enough cash out refi on my 3 unit im praying for good appraisals to buy reo down street to rinse rehab and repeat and im still not sure im doing it right. im still using banks or credit unions. love find investor to simplify process and reduce paperwork.i tried listing my camp on air bnb but no one wants rent off grid river front home. lol.now got hire crew and management. 

I just obtained my real estate license, and while reading up on how to hone my skills as an agent, I came across bigger pockets and have started to consider the world of REI.