I know it's a little stressful when your first project runs over-budget and over-schedule (but you know, they almost always do one or the other, if not both).We finished up one last month, we're wrapping up another in about 2-3 weeks, and we've been actively looking for our next project.Like you said, it's so rewarding to turn a "dump" into a "dream home."

I would use about ten percent to start, meaning that I would reduce the total amount of rent you expect to collect in a year to 90% of the total possible gross rent.

Remember, people care about "what's in it for me" so stress the benefits of working with you, and the fact you're wholesaling will pale into insignificance.My answer to your second question is, market the property in any and every way imaginable, limited only by your budget.

The new subject purchase wouldnt qualify.Most reduced doc high ltv loans have vanished as well.FYI - Full Doc requires that you have at least 6 months of the expected mortgage payment, inlcuding taxes/insurance, verifiiable in liquid assets seasoned for 60 days.

The transaction will drastically reduce monthly expenses and increase cash flow on the property.

.- Activities that would allow you to reduce operating expenses and increase net operating income.d.

I work for a fortune 500 company and I grew quickly in the company taking on new challenges.I have a good title and earn a 6 digit income.However, I am very overworked and always in high stress.

I stand by the statement that PM is a cost center and it is focused on reducing expenses and operating efficiently.

I would think any smart investor is going to want to get the bank to reduce the loan amount anyways.

I've bought rentals from desperate landlords who told me they were physically sick and couldn't sleep due to the stress of their tenant or money situation.