If you're going to use an LLC, you'll need the EIN letter, W9, certificate of good standing, articles of formation and the operating agreement. 

Cash flow can at least break even the operation cost, with about 5% cap rate for SFH. 

Once you have successfully wholesaled some properties you can start deciding what the minimum will be per assignment or other criteria you want to operate by but in the beginning I would wholesale anything that you can make money with.In regards to leads; wholesaling is mainly all marketing.

It’s the way you operate your LLC that can provide a Plaintiff’s lawyer with leverage. 

All of this can be addressed in the Operating Agreement of the multi-member LLC. 

Don’t forget to have your operating agreement ready as well even if it’s just your company.Good luck!!

Depending on where you operate, state real estate commissions are beginning to put some teeth in licensing requirements and filing charges against wholesalers operating without a brokers license.

We could not legally allow the two parcels to share one water well and share the costs to operate and maintain the well because we are not a legal authorized water purveyor.In my area, the cost for water for each unit is about $50 per month, or $600 per year.

It'll have virtual assistant performing marketing activities as well as screening bookings, filing and preparing reports to make tax reporting a breeze.It's only for extended stay operators.

A lease was signed where tenant is paying $950 rent with PITI at $471 and operating on an infinite return.