I mean no offense to anyone in this thread but a lot of the folks telling you to move out are older guys.

While I thought this to be an almost offensive offer, I later found out that I did not put enough stock into how bad they wanted to move on from their life as landlords and enjoy being retired in FL.The phone call I received from the listing broker later that day was bittersweet.

No offense but you seem to lack the requisite experience to tackle a project of this complexity and magnitude.

I know Jerryll isn't talking about wholesaling when he actually is buying the property, so I'm not sure why the word is so offensive.

No offense to the realtors in this discussion but some agents don’t have a clue how to correctly analyze deals.

Hi Karin,The above you mentioned used to be the case with FHA flips that were probably ear marked to be sold to Wells Fargo as one of their secondary market conditions was two appraisals if the sales price was 20% or higher than the acquisition cost when documenting the 24 month chain of title.I understand your frustration, they (Wells) just want to make sure that banks on the origination front do their proper due dilligence with valuation and documentation of the value to ensure that they will not have to buy back that paper from the correspondent lender (unless your dealing directly with Wells Fargo).Its hard unless you ask but if you find a banker who is originating loans and directly selling/servicing their government loans to Ginnie Mae(GNMA) then they may not require you to have the two appraisal and additional procedures because its not necessarily a GNMA requirement but rather banks on the front lines trying to reduce their risk and requiring these additional steps from you to protect their behinds.Generally you may find that on Flips they may need the appraiser to go out and certify that the property also passes FHA's health and safety standards as well so dont be surprised (double strapped water heater, CO detectors, etc).In the past I've had to show excel break downs of work done, invoices, bill of sale's, and others too but that was back when New American Funding sold the paper to WF (not any longer =).

@Jean Bolger ,And no offense to Josh, but I like your profile pic more Jean..You look like you love it ;)

I would be on the offensive on your preemptive action to look at these now versus later.

You do not have to answer all if you find any offensive.

In common law countries, a crime (as opposed to a civil offense) requires two things: (a) a wrongful act -actus reus and (b) guilty mind - mens rea.There is an old Latin phrase that explains this well and translates as follows: "The act does not make a person guilty unless the mind be also guilty."