The closer at the title co. says they are extremely busy and needing to hire.

I built a custom special needs residence that has no steps, either inside or outside, wider door opening, extremely low pile carpet, no cabinets below kitchen and bath sinks, wider halls, more exits, and a large shower with no lip.no curb between the floor and the shower.

I need to keep my cash so I have enough reserves for property # 2,3,4, etc.Option 2)I purchase from the start, put a deed of trust on the property for the purchase price plus rehab costs in the name of my family member/their LLC.

Hopefully, he's someone you can trust that there's no hidden agenda.

You could also use an association or a trust with an unlimited term as LLCs usually have a limited term to qualify under certain tax elections (to pass through to your 1040 as a partnership).

It is extremely dated; however it is not tore up like we are accustomed to seeing in projects.I am not experienced in comping land.

The rationale being that trust is built quicker through transparency and freedom than tight lipped negotiations and restrictive contracts.

I've been thinking about donating them to a charitable trust.

By the way, in the event you make offers on REo or short sale properties, you will not be able to "assign" them due to the no assignment clause placed in teh seller addendums so you will need to use any one of a number of creative means to circumvent that stipulation.Some are: Vest offer in the name of a newly formed entity and sell your entity to your buyerVest offer in the name of a trust and sell the beneficial interest in the trust over to your buyerUse a transactional funder to fund your entire deal, then with a second escrow (double closing) sell to your new buyerJV with your wholesale buyer and vest the contracts in both your names.

Seems like with your experience, extreme rehabs might be a fit for you.