References?

He was referring it to, if you got a group of wild teenager who like to throw parties or something along those lines, you would have enough in backup to keep you from putting your own expenses at work on the property and ending up in the negative.

Here is reference that I found on Remodeling Mag: Job Desription: Window Replacement, Mid-RangeJob Cost: 9,280Resale Value: 7840Cost Recouped: 84.5%For upscale window replacements---15,390, 12,880 and 83.7% respectively.Hope that helps...Regards,Scott Miller

Property ImprovementI assume you are referring to the fact that if you do a repair yourself for $x, it may increase the sale value of the property by $x+y, giving you a profit of $y.

Your wifes broker is due a cut if she gets the referal closed.

Whether that is good for the seller or not wasn't what I was referring to.

I've talked to a couple banks, and they referred me to their website for bank owned properties.

The morning section had me pumped, but it wasnt until the afternoon session that he kept referring to how to do various things with the "cd".

Thanks to all for your welcoming comments...To expand a little on my reply to REI, what I am referring to goes well beyond the commission check vs. mgmt. fee.

If you are trying to wholesale to buyers that are using conventional financing, you are in for a wake up call just as John outlined.And John, no, I am not referring to buying the property with hard money.