You make money while you are learning.You should be able to wholesale it for $45,000 give or take a few thousand and depending on the neighborhood.Make a quick $15,000 now vs. a S-L-O-W $30,000 later.While your buyer is dealing with the headaches and time to rehab, you can be out there doing 2 or 3 more wholesale deals without ever buying the house, getting a loan, or hiring contractors, or getting permits, or paying the holding costs (taxes, insurance, utilities, lawn care, interest on the loan, etc)..wholesale flips are the way to go, especially when you are first getting started.

Safe Act has implications for LO deals.

While many think they can assign a L/O and walk away without liability, they are mistaken, generally you're on the hook as long as the contract exists.

and the sandwich LO. the sandwich LO is where you are making the payments to the owner, and the tenant is paying you, and you are hopefully making money each month on the spread and hopefully going to make money when they get financed.

Keep in mind that not all lawyers like to do L/O'S so ask around for the ones who do..

As knowing John well (10+ years) as a Lease Purchase Advisor to his home sellers in Texas and 1 on 1 LO Trainer to REI Newbies in LOs, I can attest to his post here.

Back in the 90's, early 2000's I did about two dozen LO's as the owner and broker for the owners.

Credit score, cash and a willing partner are important, but to the degree you are perhaps looking to buy a multitude of properties, it is important to discuss this with a knowledgeable LO that can offer you guidance along the way to parallel your goals with instructions and insight.

Sean,Brian and John are two of the leading experts in l/o's.

I am working with l/o's mostly---I can do 0 equity or even a lil under water.