I don't know how big the office is that you are considering but KW has an awesome learning based program and is indeed a family.Although the "how to's" can be overwhelming and complex, to make sure you have properly addressed all issues, the real challenge and the heart of the business is all about "lead generation".  

Hi Michael, My husband is a realtor, I believe NJ recently updated the contract form, you may need to go through the proper channels. 

However, thank you for properly diagnosing my question and answering in an easy to understand manner.  

That debt will be settled out of my own pocket after closing.The moral of the story is to find a competent attorney that understands what you are trying to be do, so that all of the proper documentation can be created and filed. 

Work very hard not to become a Real Estate Expert or you will find it extremely difficult to scale your business (you want to avoid creating a job).As a sidenote right now is a GREAT time of year to get started, the holidays are only "slow" for the wholesalers who stop marketing during this time of year.Whatever you do, try to focus on revenue activities instead of  complicated CRM's, cool looking business cards and setting up a LLC or S corp.You are about to go on a Great Adventure!

Understanding what proper paperwork I will need before, during and after the buy and OF sale.*** When buying the MH;Submitting a SOLFill out & attach Form B if I am taking over a lien or foreclosure for lien.Apply for Texas Seal if home does not have oneSign OF deal.Create a bill of sale plus receive the deed. 

If your 1065 is done properly, the nature of the passive rental income will remain the same - no self employment tax.The concept of whether it's better to run it through an LLC vs keeping it in your own name is a topic that has been batted back and forth here on BP and elsewhere with no real conclusion.  

If I was to refinance and pull out most but not all of my equity, I would be able to eliminate (or more like consolidate) my car and credit card debt and still should have enough to pay back into the house to get rid of the mortgage insurance I'm currently paying.

Home Depot takes my Lowes 10 percent off coupons and I purchase reduced gift cards for both of these stores.Gail

I have 2 closings coming up in a couple of weeks and I'm going to send our 5,000 we buy houses post cards and do a heavy facebook campaign. if you guys are on facebook please look for hudson valley investors and also fair deal home buyer llcthanks,'   Bill Smith