"Hope for the best" does not work, this can be a cruel and crushing business with expensive lessons!

From there, it's already too late for the urgent stuff, and you'll need to chalk that up to a hard lesson learned about due diligence up front; trying to sell a property with urgent deferred maintenance is most likely going to punish you. 

Lessons learned?

Lessons learned?

His negative reaction and aversion to wanting a neutral third party to play referee was a tip off to me to do more research and after paying $25USD for an online background check on the seller I discovered he had multiple judgements against him for business fraud even though the title to the property was clear.My personal lessons from my scammer were1.

YOu as the buyer showing proof of your ability to pay (through actual bank statements with cash and/or closed sale transaction proof showing you are a proven all cash buyer that closes will instill confidence in the wholesaler and allow them to perhaps make less on the deal but can do more deals knowing they have a quality buyer in hand is a win win.

I thought I did my due diligence but needed to do more due diligence - learned a huge lesson. 

Many who have invested passively in real estate the past few years are in deals not going well and they are much more risk averse and are doing a lot more due diligence (unfortunately from lessons learned from not doing it previously)Plus as mentioned risk free return vs risk adjusted return does not make it very enticing for investorsWhen it gets to deploying capital we have more deals than we know what to do with.

Used to generate 150k yr income Lessons learned?

Many more disturbing facts and allegations are available in public court documents: https://unicourt.com/case/pc-bk5-metallic-blue-development-llc-2058799.Bankruptcy cases can take years to unravel and most of us are expecting to recover pennies on the dollar at best.Make your own judgement on trusting people with a track record like that.Sorry you have to go through this and have the strength to make these posts public so others can learn from them These types of posts should be lessons learned for investors, and what I mean by that is know your sponsor.