You're limited as well under Dodd-Frank as a dealer, you're a landlord not an owner occupant, so you need to check on PA financing rules, there are exemptions available.If you allow rent credits toward the sale price you will have an installment sale, you'll also get hit with tax implications at the time the option is taken if your option is greater than 12 months.You really need to belly up to the bar and speak to an attorney, don't get legal advice off of forums!

come from a position of strength ask for a POF if they wont send one they are not buyers.. so your not building a list of nobody's  its a belly to belly business. if your working a 9 to 5 then Sat should be the day to meet these folks in person if they will.I simply don't agree that tons of people are making a killing at Wholesaling.. do some do well yes. but I guess a killing is all relative... 50k a year could be a killing.

At the moment I am trying my best to catch up to my older brother in that I am reading/listening to books any chance I get so that when I make the dive into this business so that I slice through with ease rather than belly flop on the surface.

That could increase your holding costs and eat into that profit as well.An old investor I used to work with would say "the juice ain't worth the squeeze" and for $120k you might as well do some much less risk SFR flips that have a much bigger pool of buyers and will easily sell in a month or less.

@Mike Cumbie  another John Anderson pearl   that one gave me a belly laugh.I have my assistant handle all my docusigns..

I'm a big ol' finance nerd with some entrepreneurial fire in my belly.

I'm a big ol' finance nerd with some entrepreneurial fire in my belly.

You are, however, increasing your workload and risk exposure significantly.Now, if we lived somewhere warm, or in an urban area, where there is year-round demand for STR's and you can reasonably expect to rent it out the majority of weeks in the year, everything changes and the additional juice may become worth the additional squeeze.

Note that having a "waiting list" is also a way to juice the data.  

Are there ways I can juice up the Cap rate in the first 6 months.