Most Tax Attorney's only know the legal matters.

Out of that $540 you're paying:TaxesInsuranceUtilities (at least when vacant)Legal costsCPA costs (or, higher taxes if you try to DIY your taxes)Vacancy (even if just for a week or two during turnovers)Routine maintenance (inevitable, stuff really does break)Make ready costsTenant damage in excess of security depositsCapitalThe 50% number is well supported by large data sets.

If I remember correctly, this contradicts what I learned in my real estate classes -- while an unrecorded deed may not protect against third-party claims, the deed itself still defines a legal conveyance of title/ownership.

In South Fla it is impossible to get a contract when you are contingent on conventional like @david beard said- they throw it in the trash- it is also very hard to get conventional financing here for investment property- most investors are going HML w/ exit stodgy- that is very good plan if the numbers work.

Make the end buyer feel as though if he screws you over, he may make an extra $20k but he'll lose ALOT more because 1) the pipeline of great deals you were going to plug him into just closed and 2) you know enough serious wholesalers out there that once he rips you off, all other wholesalers will know he's a crook as well.Again it's more of an 'attitude' than it is a 'legal' thing.

First, make sure a business can legally operate in the shop building.

Getting a builder to come back for anything is near impossible.

When the buyer has to buy, it has to appraise, setting the price where they don't create any equity based on a future appraisal is predatory, putting the buyer in a position where they can not succeed under the terms set, being predatory, besides having legal issues, such is unethical, not really dealing in good faith.

See, that's the thing, if it's legal here in Wisconsin.

See also:http://www.nolo.com/legal-encyclopedia/consideration-every-contract-needs-33361.html