When I saw the house I pulled over to the side and took a look around and it seems to be in a decent condition outside wise (roof looks fine just needs a pressure wash) maybe some new paint to spruce it up and some yard work, but other than that it looks decent..

Then keep saving $10K per year, and rinse, wash, repeat. 

. $5K in updates would wash profit to be equivalent to this potential wholesale profit.Potential Plan C: Rent it..

. $5K in updates would wash profit to be equivalent to this potential wholesale profit.Potential Plan C: Rent it..

As to other ventures in connection with RE, steel fabrication business, car lots, grocery store, auto service garage, construction firm/general contractor, C-store/car wash and a bar, cafe, lake resort.These came arising from basically partnering as a credit or business partner (or both) for under capitalized entrepreneurs who couldn't swing the RE purchase or lease of facilities.

Call backs are on the Home Warranty company.I got one for our house because I did not want to be poking around the washing machine!

I'm looking for individual who owns an all cash business, such as a washateria, car wash, or dry cleaners.

Doing this to the extent that debt service washes out all cash flow seems very risky.

I am not a wholesaler, neither was he.

Simplisticly speaking my rate has to be 5% for the next 5 years for it to be a wash (I saved 1% for 5 years with ARM and lost 1% with ARM over next 5 years).