New carpet, kitchen counters, appliances, and updated AC.

Since an LLC is a pass thru entity as far as the IRS is concerned, I would say no, there are no tax implications.

The seller can reject, accept, or counter.

Most of these homes are pretty, not needing work.For terms deals, I FIRMLY believe you need to be like a caring financial planner type, not like a hard driving car salesman type ("take or leave it").My byline: "I assist Home Owners Sell for Top Dollar and Maximize Their Equity"See https://vimeo.com/131990155Not AT ALL "just Wholesaling".Don't Be a One Trick Pony.

I couldn't believe how much would be covered; we would be getting a whole new kitchen and flooring thru out most of the house!

Do you drive around looking for signs of vacant houses and check title for equity?

And then there is just plain driving neighborhoods and getting the general feel of the streets.

Listen to the podcasts while you drive back and forth from work.

I tell them I'm low on funds and so they advise I drive for dollars.

I am a beginning Investor that is currently "driving for dollars" learning all that I can about wholesaling properties which will allow me to pursue other passive income opportunities in the near future.