Lot's of people like to bang the gong of cash-flow, but reality is cash-flow is a mechanism of sustainability of operations, not some big profit center. yes, some like to twist it to be, via various function of neglect.

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

The reality is if you just do one deal, I suspect you are not likely to be "caught". 

Then you will have a 10ish min quick walk through the property and if his pictures matches the reality and you don't see anything abnormal, then after you sign with him assignment agreement and you put nonrefundable deposit and close in about whatever days you agreed on(usually up to 10).  

course, NEVER, just do to a local RE meeting, you will learn more in an hour then 6 months reading NOT reality books.

In reality maybe even 40% after considering all costs.To get the best of the best rate, 40% down is required, which is fair if they give us the same rate as conventional.

I see this all the time with wholesalers who send me deals and over inflate the ARV 30-50% where it looks really good on paper, but is not based in reality.  

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

Today, we've returned to reality, which is, you've got to work vacation rentals for them to really pay off. 

That is actually an inquiry to be determined by SC courts, not a podcast. the other reality is if the state actually enforces these laws.. they are on the books like this in many states but the state simply will not enforce them unless there are complaints and someone gets targeted..