Thanks Collin!

Hi Russel,I work with investors providing them anywhere from 20-40 properties a month in the Dallas and Collin county Areas.

@Andy Collins @Andy Chu @Wayne Brooks Thank you all for taking the time to share some knowledge.

@Christopher Collins - In the absence of a clear response here, I'd suggest calling your local code dept or property inspector and asking them what is required as it could vary by locale.We had issues with chimney liners on a property and it ended up being more cost effective to replace the water heater and furnace to more efficient units that could be side vented than to redo the liner (basically cost was the same either way so made way more sense to replace).  

Quote from @Collin H.: So my bank is needing an "updated" appraisal on a STR that I own in the Smokies. 

Originally posted by @Randall E Collins:@Tamara Semien The most ethical way to wholesale is to locate a cash buyer first, then do a contract on the property.

You haven't shared your goals or motivations so it depends on what you're pursuing.You don't sound like someone purely motivated by profits but correct me if I'm wrong :)Check out this great thread on how Collin picked up 25 deals since starting this year based on using multiple avenues for lead generation:Collin Schwartz said:"Eight units were MLS (2 deals), six units direct mail/cold calling (3 deals), and eleven units (1 deal) were brought directly to me from my partner as an off market deals.

@Collin DeWeseAre you able to perform the renovations and let the property season for 6+ months?

@Jose Jose, you may also want to connect with @Neal Collins.

@Neal Collins  I have not really looked into reverse mortgages IE seen what the exact costs were... they may be some what sub prime ish... but its been in the back of my mind as I have a near paid off home in Lake O .