Unfortunately I didn’t have a lawyer look anything over prior to the sale & just listened to my realtor.

The agreement between the Seller and Agent may include getting paid the commission upon the sale of the property, regardless of what your offer states.  

The original mortgage was only a year ago and believe the property will likely appraise for the original sales price.

@Monisha Nabar One model to consider is the passive investor who brings the money gets all of the net rental cash flow until their initial capital is returned and then the split goes to 50/50 for remaining cash flow and sales proceeds

Seller still owns the property and the JV agreement outlines how I put up the remodeling expense and then at the sale he gets X out of it (whatever our agreed price is) and I receive Y out of it (proceeds above seller's agreed price?)

I recently found a package deal for sale (13 duplexes).

So, to portray yourself as a serious investor who can close on deals, here are a few options:Pay them a consulting feeTake them out for coffeeVisit their recent sales and tell them what you do and don't like about the properties as it relates to your ideal investmentProvide them with information on how you will fund a dealConstant follow-up: whenever you perform a task that brings you closer to completing a deal

one basic reason is because if you ever needed to get that property back in your name or move it into a trust, etc, the transaction of removing it from the s Corp would be considered a sale and the s Corp would be liable for taxes from the gain, even though you’re moving it from an entity you own to yourself.

for two reasons.you have a good amount of inventory to wholesale as you have burnt out landlords and you have old homeowners who want out of the neighborhood because it has turned from owner occupied to rentals.. some areas its just not a very feasible business to try to start.also its MUCH harder than the internet makes it seem and you do need money.. unless you happen to know a lot of folks with distressed real estate like through your church or family or what have you.. its sales and marketing business..

This is why it is advisable to have the replacement property under contract ASAP, preferably even before you close on the sale of the original property.....time is not your friend.