I'm thinking the wallet most likely was swiped from the guy at a party (apparently, there were quite a few parties held there), emptied in the bathroom and then stashed in the dropped ceiling.

My step father was doing fine buying houses usually picked up several a year did it for yearsWhile down in vegas afew years ago they lucked into a GURUsoon after they knew the truth these guys are magicalThey decided to fly here and there One guru after another and naturally buy all their trash and believe itThen got one of my sisters into it (who was running a successful business)and paid her way the first few times soon she was an addictI don't know the total spent gathering all this wonderful knowledgeBut after putting it to use and many phone calls with them getting awesome adviceHe ended up losing each and every house and bankruptSis quit a little sooner, right before the divorce , out of business and lost quite a chunk of change and a husband They had a healthy stash and lots of little plastic cards to use so. it took several years to break them I'm the poor boy in the family .....

These guys running tv shows and selling mastery programs on the side are a bunch of jokers if you ask me.

Stuart Smalley :joker:

Also if I don't know, I don't pretend to, and I'll stick to my statements because they are based in fact, whether some other joker says it isn't so or not.

The residential note field is just too crowded with investors, funds, brokers, jokers, and wannabes pushing pricing up past what I feel is a lower risk adjusted return than what’s appropriate for the level of risk.

I'm stashing away 14% a month for vacancies and repairs and only time will tell if that is adequate or not. 

@Chris SeveneyYes, I don’t think wholesaling notes as an individual starting out by mass mailings, emails, or texts is going to be profitable on a full time business basis.In reality, the only market in which a wanna be note wholesaler has a shot at success ( although the broker joker dreams die hard) is owner financed notes.

I've found a super cheap apartment and have had a roommate for a while which has afforded me to stash some money aside for the first deal.

Not to be joker, but the best way to figure this out is simply make your offer.The implied "Rules" that was mentioned above is not universal for short sales or notes and is different for every mortgagee.