I don't know how you uphold your fiduciary duties while wholesaling without running into ethics issues.

There are rules and situations unique to each state and that is why you want to go with a local lender vice someone just reaching out to you telling you they can do it. 2) Better recourse if the lender screws something up: a local lender has more skin in the game so to speak as if they screw something up their name will be mud to local real estate agents in the deal.

There exists those of us that want a property in Costa Rica despite the issues we are discussing here.

However, for major issues, STR insurance ensures you're fully covered.

There really isn't any magic to the Wally Wrap, but it does solve some issues and it has been vetted with thousands of transactions.

and I was just one little mortgage guy with 450 loans out.. can you imagine the banks with hundreds of thousands of loans and servicing companies.. so having mass equity or paid for keeps this from ever being an issue. then when I sold these off.. most for cash but a lot I did a 30 to 60 month ZERO interest deal on.... and boy you should have heard the cash flow cool laid drinkers..

I’ve never had this specific issue but mistakes like this are pretty common. 

A national buyer would review the BPO and maybe do some brief online research, but would not typically not know, as in your example, about the sewage issues or extent of interior rehab needed.

we are still assessing the rentals we manage but overall are just finding a few minor issues so far. 

That is the issue I am having now as my wife and I have great paying jobs and just cleared all our debt.