It's simply about minimizing your exposure, IMHO.

Wholesaling requires minimal cash, mostly money for advertising or mailing.

And what provisiion can be implemented to catch,repair and minimize small water drips and gushes.

At at $25,000 purchase price, minimally you want $250 in rents - which you obviously have.

Why not start with you real estate attorney friend.You can do sub2's with minimal money. anther guy here Mike C has wrote some great post on how he does exactly, and I believe there is a good article on here somewhere that I thought was great...

Check some of your recent purchases from around the time you've noticed the odor.Speak with you doctor first, and I recommend an inspection by a certified and legitimate inspection firm prior to having other companies come in and take a shot in the dark at the problem.

Thank you JonLet me re-phrase it then - what is the best business entity (to mazimize liability protection and minimize taxes) for the above described strategy?

But I'll try to be helpful.You have at least two sales contracts to be concerned with.One is, how do I structure the sale of the property to minimize my risk and maximize my gain (while accelerating my cash flow)?

Sure there's going to be a lot of dogs in there....but there's going to be some out there that need minimal to no rehab.

Minimizing taxes is the tail wagging the dog IMO.