The numbers work, But on this particular house I would like to get title insurance.

I am looking to network with other investors or wholesalers and I want to see if anybody has a title company or attorney that you actually use that has successfully closed wholesale transactions.

So when title company ask for EMD, do you get the cash buyer to drop off the EMD for you so you don’t have to pay?

You will pay for the purchase fees and refinance fees out of this, which adds about $3000 fixed costs- appraisal, title, escrow, transfer tax, recording, notary+ to your numbers.

Or, since the title for my current house has me and my wife's name, current house is considered as my primary residence and any other properties I buy will be considered a commercial property?

. #1 in NY do I have to use an attorney rather than a title company. #2 can anyone recommend a tittle company/lawyers that are familiar with investors and wholesaling.

In this scenario what are the financing options if you want title held in a sole member LLC?

To avoid this, is it still possible to add a partner (none related) to the title that becomes the equity partner to the deal, and would this help in avoiding the UDFI tax? 

The house next door to me is almost an identical build without the third floor studio apartment and it just sold for $245,000.

That means that after 45 days, you still have wide leniency to negotiate the best possible exchange and close within the time limit.Furthermore, the properties that the IRS defines as “like-kind” don’t have to be identical.