Next, if he is attempting to take a 40% spread on a construction build or sell to his customer netting out a profit that can be a net sale and is illegal in all states.

It doesn't seem like it would be illegal however.

We need each other in case someone lands a huge contract and needs to "borrow" workers from another rival company just to get the job done.

It seems everyone talks about it but it is illegal in Houston.

Also, I have heard from mixed groups that double closing is illegal to do in Texas.

The more I look, the more likely it seems that a "mother-in-law" appt would be illegal, even if tolerated (it seems there are plenty of over-garage appts in this neighborhood).Here are a few numbers:-------------------------------- $288k agreed upon price- No repairs needed upstairs- Rentals similar to upstairs are running $1.7k (SFH, not split-living)I would need to install kitchenette downstairs to live there. ($5-10k)- I would end up paying $1.1k for equivalent rental to basement.So, including my own "rent", "gross income" might be $2.5k\month.Thoughts?

I'm a hard worker and willing to work under a mentor for as long as it takes for me to learn the business.

That eliminates "wholesaling" and leaves you with bird dogging, which is generally illegal for purchases in most states.

I know it falls on deaf ears when it is said that most birddogs are acting illegally.

I think this illegal but it doesn't stop them in my area...The point is, from your computer, you should be able to start figuring out what properties are worth.