@Michael Sherwood I am actually in Germany for the next few months but maybe we could connect sometime in the Spring/Summer.I will be in Central NY for the majority of the summer and regularly make the drive through Buffalo to visit family in Oakville.

Diego, if you can, I would go see a Legal Aid attorney and see if they can help you recover your Security Deposit based on tenant/landlord law in your State.

Can I simply use an option contract with the wholesaler and then use a regular assignment contract with end buyer?

I do have his full security deposit of $630 that was transferred to me from the previous owner.This is my first rodeo and I'm not sure how to proceed.

Be sure you get credit for the security deposit at/before you close.You're right on the lease.

A regular appointment could be weeks away, which could be hard to get to sync up with a closing.Best of luck.

Make sure the cash flow is secure with high quality tenants.Eliminate all personal debts.Secure your personal income streams (work / education / skill development) for yourself and your family.Leave yourself a cash emergency fund that can cover a year's worth of all personal and real estate expenses.These first few properties should be completely paid off.

Most administrators will dump RE converting to securities for better asset management

They want the anchor to give them the security to affect an area.

I'm a wholesaler in Houston and it's been hard to get those great 70% - repair deals.If you're looking for them good luck, but most wholesalers have "regulars" that they know will be buy them with one call.