It basically states that the grantee is "prohibited from conveying property to a purchaser for three months from the date of the deed.Are they basically stating that we have to wait three moths after we close before we can retail the property to our buyer?

Basically it works like this:1) Find/prospect for motivated sellers willing to do a lease-option on their house2) Find/prospect for tenants looking for a "rent-to-own" opportunity3) Put the 2 together and collect the option fee (or 1/2 of it) as your profit!!

No IRS tax tricks allowed, apparently!

I just visited a third world country that was seeing potential starvation in rural areas due to the cost of basic food items.

Robert makes some good points aboveI will also add:Wholesaling is basically finding a deal, putting the deal under contract to purchase and then exercising your contract rights to assign the deal (sales contract) to another entity (buyer).

Just a free ad on craigslist or backpage does the trick.

Basically you are working the deal backwards to see what makes sense for you as a net on the deal, and then decide if this will allow a good enough return to satisfy the money source.

Basically if you had a heartbeat, you qualify!

Like I have stated before. an investors "Basic" strategy should not really change due to market fluctuation, and in my opinion, balance is the key to any long term success regardless of market conditions!

I my license basically for the MLS and to look at houses with lock boxes instead of contacting my agent and dragging them out.