@Jay Hinrichs In NJ, we have a Consumer Information Statement that explains the roles of all parties that is supposed to go out on first contact and can be attached to all MLS drip campaigns, but it's another one of those legal things that barely anyone does.

You could later assign the beneficial interest to another party (the LLC).

It depends on whether or not you are doing a simultaneous close (aka...double escrow) or an assignment of contract. 

Hi Nathan,I disagree with the more liquid statement for 2 to 4 units .

Look into the rates in the area and see if that just might tip your profit and loss statement in your favor.

As a wholesaler your maximum allowable offer should be based on ARV - investor profits - repair costs - assignment fee.

The Quick and Dirty of Wholesaling Lease Options…Here are the basic steps:1) Find a motivated seller who wants to sell their house on a Lease Option…2) Get the property under an “Option To Lease Option” contract…3) Find a qualified tenant-buyer who has a good down payment and a good chance to get a mortgage in 6-12 months…4) Sign the Lease Option paperwork with the Tenant-Buyer…5) Assign the Lease Option docs back to the seller…6) Keep the Option Consideration / Deposit and give the Seller the first month’s rent…7) Put the Tenant-Buyer in a credit repair program with your mortgage broker…8 ) Deposit your money & move on to the deal!

@Adam Valenta  Per the law, the seller must have fee simple title, so you couldn't do a SLO, but you can do assignments or just straight lease options. 

Hey BP, when I get a property under contract do I open up and put the deposit down and order title insurance even if I'm going to assign the contract.

You can take a quick look at their financial statements, and just multiply those ratios by equity capital to get a quick potential idea.