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.

So, using my example from above...If, as a buyer, all documents are signed and my money is wired to the title company at 5pm on Friday evening, does that mean I don't officially own the property until at least Monday?

Hello, I'm just curious, I'm close to putting a property under contact to flip to a TB and wanted to know what documents I need.

Good morning Christopher, You might want to block out some time each day, have a written goal to accomplish, document that work, follow up goal for your next block and challenge yourself to a long term goal?

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.

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

Whether that will be good for you or not will depend on many things: what happens when a major repair is needed ("reserve funds"), who will do showing and screening when there is a vacancy, banking, tax bills, accounting matters, legal matters ...Better to be informed on those sorts of matters before getting into any more shared ownership IMO.