Once the PLANS are approved, I transfer the property into a JOINT LLC and my partner gives me 50% of incurred expenses ($210,000).

Just because a form is common, does not mean it is proper for the transfer and layman might not be wise to the nuances between instruments and that eventually have a substantial impact.The bankruptcy look back event and the idea of excessive equitable value certainly speak to offset much of what folks believe they can do with borrowers and taking title to be advantaged from the additional equity within the subject property.

They said I had to accept the one they had (because apparently that guy KNEW the exact value of the house without question) then when they saw it was transferred to a land trust they required a second appraisal (ask me how frustrating that was).

No assignments, no subsequent deed transfer for 30 days period, no deed transfers, or financing, for 90 days for more than 20% above purchase price.

Look for deed transfers to self directed custodians (e.g.

Yeah it's more government streamlining red tape BS.If they would just get out of the way the market would work itself out faster.

So like a great RE agent I bet there are wholesalers that make 300 to a million or more and there are probably some super wholesalers that move tapes and such that make much more.

(You get the advantage of paying all cash for the deal) After it's rehabbed you then go back to them & they will transfer it into a regular loan so you have it under a fixed interest rate for a period of time and your line of credit back.

Such as preparing documents, generating interest rates, transferring money from you and interest/points back to you? 

The good thing is that I still got to listen to the tapes which did get me excited about learning more and to take my next step in investing which lead me to finding bp.