I can easily grade, gravel, and fence off the rear 2 acres for outside storage that would easily bring in an extra 4k a month.

i would bring on an equity partner over a lender in this situation as for the lender it is just way too much risk.

That being said, here’s what I would recommend for a thorough DD process:-Build a plan in advance (setup a spreadsheet, meet with the team, etc)-be prepared to take a lot of pictures -document notes with each room (we use notes on Apple and share it with the team)-align the team on standardizing information (example: what does “bad” mean, what does “okay” mean, etc - everyone looks at things differently and you want to make sure the notes are accurate during your debrief)-bring in professionals for things you can see, like sewer lines hope this short list helps! 

After 8 years as a director in the kitchen and bath retail space, I'm bringing my positive energy and relationship building to a wholesaling firm covering Los Angeles and San Diego counties (we specialize in single family homes priced between $400-$1.7M).

Are they "roughing it" and bringing sleeping bags?

Do you develop relationships first or do you put in the work on bring the deal first?

I am good at crunching numbers and also bring some capital to the table. 

The fact of the matter is you mitigate that risk by doing what the folks above already told you....you bring money to the table and you have money in reserves if things go bad. 

Other than increasing the supply, decreasing regulations or increasing competition will bring down prices.

I do not seek these people out to talk about this specifically, but bring it up in casual conversation.