You are describing what everyone regurgitates, how to do DMM.

I'm hoping the scenario we'll find when we take the microwave down is the one you describe, but if not, I'm trying to get a handle on what it might cost to run the venting outside.

If it is a loan a preapproval letter with funding date specified.The way you described is confusing and will be red flagged.

The best way to describe JP court is it's like that old show "People's court". 

I have African tenants and they do the same thing you describe .

You describe the place as a "private mountain getaway," but it certainly doesn't feel like that.

This looks like a great deal, can you describe it a bit more in detail?

@Sam Besong Wholesaling as you are practicing it is illegal in Massachusetts unless you have a license to sell real estate.Here is Mass General Laws, Title XVI, Chapter 112, Sec. 87pp, describing the activities that require a license:"''Real estate broker'', hereinafter referred to as broker, any person who for another person and for a fee, commission or other valuable consideration, or with the intention or in the expectation or upon the promise of receiving or collecting a fee, commission or other valuable consideration, does any of the following: sells, exchanges, purchases, rents or leases, or negotiates, or offers, attempts or agrees to negotiate the sale, exchange, purchase, rental or leasing of any real estate, or lists or offers, attempts or agrees to list any real estate, or buys or offers to buy, sells or offers to sell or otherwise deals in options on real estate, or advertises or holds himself out as engaged in the business of selling, exchanging, purchasing, renting or leasing real estate, or assists or directs in the procuring of prospects or the negotiation or completion of any agreement or transaction which results or is intended to result in the sale, exchange, purchase, leasing or renting of any real estate."

They had originally told me 1 of the tenants (this was also a duplex) had a dog, but described him as a medium size dog but weren't sure of the bred. 

So if you come along and offer them 1st position collateral at a ridiculously low LTV as you've described, AND say, 6% interest on their money for up to 8 months or a year...