@Patrick Barry You actually dont have any ridk, he is financing the whole deal.. no risk nor liability. remember that the word contractor means that you have a contractors license, and if you have employees, then you need insurances. the more accurate description for you is project manager, that means you will just be responsible in hiring subs, estimating and even buying materials to say the least. if thats the route, a regular agreement with only 2 llcs will work fine. just make sure if he doesnt hold up his end of the deal, you hit him with potential profit plus your time and expenses paid. i would suggest "50% of net profit if the property sells - and all expenses needs receipt of proof of payment", OR "$xxxx/week (including, gas time, truck rental or all inclusive) from start of the agreement for 6 months or until end of rehab and this weekly charge is due in 1 year if property doesnt sell."

You being the Wholesaler (with an assignable or double-closable Contract already in your pocket), why would you care where your end Buyer got their money from, as long as they could show proof-of-funds?

It is more about the net worth you have built, the amount of income that net worth throws off, and the moat you have built around that net worth & income to make them as recession-proof as possible.

Regardless, proofing these things every time is critical to avoid this situation.

Look for proof tenants are paying on time for the last 4 months. 

@Neomi Riley My guess is almost every Wholesaler and Wholesaler-wannabe out there will want to Co-Wholesale with you, if only you can find them multiple Buyers who have proof-of-funds and are trigger-happy for close-to-retail deals.

The reviews and references are there for you to read, and contractors cannot tamper with these reviews.

and then would just get the run around any time I tried to follow up with them.With Fannie and Freddie now, there are online submitting tools so you can request a print out from your agent showing that it has been processed in the system essentially bypassing the other agent and getting the offer straight to the asset manager.However, other than that.. there really isn't a way to verify other than just seeing if you can get the agent to screen shot you proof that the offer was sent over via email.  

All good reasons, the more you bullet proof your rentals the less time you spend dealing with them.

I had a water company once that needed proof of title transfer.