You require your t/b to place a 5k or 3% (whichever is greater) option deposit on the property (aka, your profit in the deal), and add that into the price of the property.  

I currently have a Discover as well as a secured Visa that are paid in full every month.

This will generate two separate transactions:A to B (Your Seller selling the property to you)B to C (Your Buyer buying the property from you)This way your buyer will not know how much you got the property under contract for, and the seller or buyer will not know how much you are making on the transaction. 

I have heard the chatter all the way up to Southern Ocean County about the job losses caused by the 2 casinos closing in a couple days in Atlantic City NJ and maybe another one in a couple months as my friends whom are B & H ers (and bought to high) have tenants that rely on the casino industry and they were just notified by there tenants they may be forced to leave.

@Marylyn B., I agree with @Timothy Trewin . 

@Angie B. your father-in-law will be considered a disqualified person to his 401k therefore he personally can do do any work on the properties himself regardless of what kind of line of business he is in right now.If you have any other questions feel free to ask them here on the forum or contact directly. 

I sold one AS IS, but believe I left some $$ on the table...Hi Rolanda,We like to price our B class properties at or below appraised value.This is not the case with any other operators.Most have in built margins for at least 2-3 partners that need to get paid.Thanks and have a great day.

You don't know what you don't know vis a vi out of state

A couple of things that came up that could have turned out badly but didn't were 1. our plan B if we could not sell it was to rent it.  

How can I approach him with this in a way that he'll a) take me seriously, and b) give me the time of day?