FYI I did my due diligence and got a home inspector that was relatively OK.

Yeah if we had a re-do button perhaps we would have skipped this last purchase or done more due-diligence prior to the purchase.But very happy with our other properties.....Hi Account Closed - Where is your STR located ?

And once I finish the due diligence, my work is done: it's completely passive.

Or a SFH that has a detached garage or work shed and convert it (running electrical and sewage might be expensive so do your due diligence).

Once we get past the fact that, on an even playing field, the HELOC strategy wins out, people need to crunch their own numbers, research what kind of rates are out there, do their due diligence on the risks, and then identify if the strategy is for them. 

If the seller accepts your offer than you do the full due diligence investigation during the option period.  

I haven't been as diligent about my tweeting lately but I've been meaning to get back on it.Happy to chat whenever.

On one of my upcoming projects I posted a test add as part of my due diligence and I had 30 hits for a 1 bedroom apartment in two days.

Where the letters aren’t outright fraudulent and lies, they are misleading, with the person selling or giving the proof of funds letter to the unqualified wholesaler doing zero due diligence on the property and at best stating that, technically, funds could exist and or be set aside for the purchase of the property,The practice, when used this way is meant to mislead, and those who ask for, give out, or receive, proof of funds letters in this way are not welcome here on BiggerPockets.The right answer here is to qualify for a loan on the property personally, and show this to a seller, or to be straightforward with the seller that you are in no position to buy the property personally, but will be wholesaling it for them. 

Due your due diligence and welcome to the City!