Getting cash flow is fun but always remember about protecting yourself from the legal stand point.

For the most part a legal agreement will suffice starting out.

But there are always ways out of the contract legally. 

The legal stuff makes commenting on about anything not worth it for me anymore pretty much.   

Possible, but you need legal advice to structure things correctly to stay out of securities law trouble (federal exemption and compliance with state regulations) AND to know how to legally make any offerings available to prospective investors.  

I am not a lawyer so this is not legal advice, but if a contract has a clause that states the contract can be assigned, and you have been transparent with the seller regarding your role as a wholesaler than you should be covered.

Not being an expert in this situation, and this is not legal advice, it sounds like someone made a mistake, and the bank is going to be out that money.

I second the statement that late fees (and legal/court fees) are applied FIRST...then the funds go towards rent.

It was more a legal question/discrimination issue that if your rules state no smoking and they say they won't, then what?

I agree awesome wealth of knowledge on this site.My opinion it is better NOT to have a Real Estate License to flip houses - too many liabilities/legalities - but to acquire the services of a local realtor who can find the "good deals"...