I am in contract to close on a multifamily property in Brighton MA next month.  

You could contract on it knowing you have to evict.

So we submitted a new lower price and got it finally under contract.

I used to contract my buyers to me.

My friend Mike bought three different buildings on two different transactions where he wrote the contract to state 80% bank financing with the owners taking a 20% note back. 

You will learn about legal processes / land descriptions.

Does anyone know of anyone who buys properties already under contract by a wholesaler in Bakersfield to flip, hold, etc? 

The tax deferral comes from the sale to an intermediary on a 30-year, interest-only installment sales contract.

I do have a legal background.

They are doing the same relatively minimal amount of work regardless of how much capital the LLC holds.A good self-directed plan facilitator or attorney will have one or more preferred custodians they work with, as well as tighter integration between the legal and custodial processes.