But, more than likely, Fred's going to be spinning his wheels while his local real estate market appreciates another 15%, if he insists that a book can replace Sally's years and years of full time day-in day-out experience and expertise.

My plan has always been to do a standard cash out refinance on the ARV but am thinking of putting a spin on it.

@Ryan GriffinHi Ryan,It's obvious that they only earn enough to live "Paycheck to Paycheck", which is why they rent vs own.Paycheck to Paycheck renters can be suddenly short on money due to an unexpected (unaffordable expenses, car repair etc... or other personal issue such as a traffic ticket, missing work do to being sick or hurt, etc...).Some people will spin stories to string you along (because they have to--to avoid losing a place to live and further complicating their life's problems).So goes the rental business.Good Luck!

It can't hurt to check things out once in a while, but don't get stuck spinning your wheels on this.Also remember that wholesaling is a service you're providing to the seller (and ultimately to the buyer as well). 

When I analyze it line by line my head starts to spin ("Is that one too much?"

@Jaysen Medhurst, I've looked into so many areas that it's starting to make my head spin.

I know it probably seems complicated and a headache, and it is easy to throw around the 'we'll buy for cash' mantra to sellers, but honestly, I think you will find that it is harder to get all the spinning twisty pieces of a wholesale deal to line up. 

Some of my deals take 3 months, some take 6 months, very few take 9 months to close BUT I have been doing this almost 16 years and know what to look for and how to keep deals moving and on track.I could see someone new spinning their wheels for 1 year.

That's a total of $22,440.We got a one-time state tax credit of 15% of the install price.We spin the electric meter backwards most of the year, building up a large negative balance with the utility and we burn it off in the winter.  

Having a variable for unknown contingencies is normal but in the future have a detailed agreement specifying a firm bid, what is included, and the hourly rate for what is not included in the event rot or other issues are uncovered.