We are up to 30 units now, so even a $20 gift card plus travel and time OR shipping is $650 plus.Cards alone with stamps is not anywhere near as expensive, maybe $50 - but the time investment should be considered.We have been pondering the benefits of such actions, other than making us feel good.In line with the thinking of some others who have already posted - we spent almost $100k this year in upgrades to our properties: roofs, steps, porches, total rehabs, outside painting, new entry doors, new heating systems (9 units), new trash cans.

I mean (total hours spent on any activity related to wholesaling) / number of $5K deals actually closed.That question is totally serious.

I totally agree FM will lose its shorts on these rentals.

If $5K is the max you have available (I wasn't sure if that was your max for the downpayment, or the max cash available total), be very cautious about plunking it all down on just the purchase.

(heat, electric and hot water) 65K Purchase price including points and all fees.100K Rehab cost including holding costs.165 total paid for with hard money loan (4pts @ 12%)Building two floor plan is almost a clone to building one but in better shape.85K Purchase price including all points and fees.80K Rehab including holding costs.165K total.

I used to swap out cylinders between rentals but then got really paranoid about how an aggressive lawyer could twist that into my negligence if a criminal entered the property with an old key.Now I spend $8 a cylinder to have it rekeyed to a totally new key and throw out the old keys.

I even prescreened the lenders atty.CW is only agreeing to paying 2500 of the second note with BOA.BOA wants 5000 Total.

Sfr and up-must be at least 5 units total in the loan.

Of this total we have 29 donors.

Total rehab around 20k, a good bit of which I will earn back as I make my living as a contractor and will spend alot of time working on the house over the next couple of months.My question is this..this house will rent for $650-$700/month so after mortgage/ins/taxes I will only cashflow $100-$200/month, way short of where it needs to be for a good rental.