I strongly believe that legislation should be introduced to prohibit property wholesaling and also prevent double closings unless it can be demonstrated that the property's value has been substantially improved.  

The more imminent needs are the electrical, plumbing, roof and upgrade to double pane windows, most of which will be pretty dusty if there are humans living in the space.

So, if evenly split between buyer and seller that is 1.85% to each side almost double the norm.

Quote from @John Federic: I ran some numbers for you using the Cashflow Analyzer Pro from AssetAFC.com (see the attached picture).From my perspective, this deal still looks acceptable, even though it won’t cash flow in the first year, assuming a 5% vacancy and 5% for repairs.

A good rule of thumb is double down what you think you like to spend and make adjustment later. 

actor=94985&share...Here is the listing for anyone that may want to see pictures of it finished and I can show before pictures as well. 

(room in my house)I have statement from the plumber she caused the leak, pictures, and receipt from contractor for mold mitigation.  

That way hopefully worse case we hit a single or double and still do well.The syndicators using debt with the timing of the cycles and the stars to pull anywhere close to initial projections on the raise play a game of musical chairs where risk to loss is high.Keep integrity.

Don't know the whole picture, but if you have good credit, you should be way below both points and rate. 

@Ashley HightowerOver the past three years, I’ve been using most of the major off-market techniques.Of all the methods, texting has been a double-edged sword.