I often work in my pajamas from the comfort of my home.

My question is has anyone done a wholesale like this with a more standard contract and what clauses did you use to make everyone comfortable so you could market the properties and have control?

As a negotiator, you must be able to discuss this with the seller as a possible selling option and find someone who's willing to sign their property over to you while remaining on the mortgage.Perhaps the best way to start is to find a real estate attorney who has done these types of deals and is comfortable with closing them for you.

There are two very important results I hope to achieve with a purchase:- The homeowner, a 65 year old sweet lady that has been taking care of indigent daughter, receives enough money to get comfortably settled into a residence that is affordable with her fixed income.- That I can still turn a decent profit on a purchase and rehab.I am hoping that some of you have experience in this situation.

I think that is a smart decision you have made, I am really interested in commercial (Retail, not residential) Since that is what my parents have always invested in, that is what I am most comfortable and familiar with.  

The main REAPS member benefit I use is the Passport Dining card, otherwise I've been using more of REIAWA's contacts from their Business Associates Directory.I will say that REIAWA has things laid out more clearly, which is good for a new investor that needs hand-holding, whereas REAPS may involve some digging around and asking questions.I just thought of another reason of why someone would want to join both clubs... wholesaling.  

It really depends on what you can stomach.I have clients that are making tons of money in C- neighborhoods with multi.All depends on what your strategy is and what you're most comfortable with.Let's talk.

If I were in your shoes, I'd look for a 3-4 unit with what I call a great "Owner's Unit" (a unit that is much nicer than the other units, maybe with a garage, extra bathroom, more bedrooms, dining room, separate heating, etc.)My two cents...I am almost done my first RE investment book which has a chapter running the numbers (very VERY "BP'ishly") for doing just what you're thinking, using 2,3 and 4 units.

(If you don't have those, you can get reasonably priced cards from Vista Print).The biggest thing that almost everyone does wrong is to sit there (in their comfort zone) and not meet people.  

There isn't enough margin on a flip (~$12k max at the ARV we're using for discussion purposes) for most investors to take on the risk, particularly since I feel comfortable this property is probably in a less desirable area.