TY Have to stay within the boundaries of your contract, if seller elects to terminate because you have exhausted the allotted time and does not want to extend, you do risk termination, simply paying cash and then refi will be simple, you can also HELOC it and not pay any fees later : - you have options it sounds like

I started on Craigslist and I looked at You Tube Video’s on Wholesaling, I did the basics, look up owners, got involved with Wholesalers, and found out that many were just liars, giving the buyer the impression that they are buying the house I see allot of that.

My goal is to buy assets that will generate enough cash flow that I can get my down payment money back with 12 months to 18 months, cover debt service and payback the loan(s) I mentioned in the allotted time given by the lenders; up to 5 years.My two questions are; 1.

@Robert Herrera  I understand you are not an attorney or paid adviser but it sounds like you have allot of knowledge in this field I thank you for your help and your time.

Thank's allot for making this post and thank you thank you to everyone who contributed there knowledge into this.

I think long term you aren't allotting enough for vacancy and maintenance. 

It's a very generalized rule that doesn't work in allot of markets. 50% rule...Somehow this rule seems to run much truer and while it's definitely not exact science, it's a great tool to let you quickly estimate if a deal is worth looking into harder.

Allot of the people that bought were sold on sucking up the payments for 2 or 3 years and then they could refi and get back to normal life - lo and behold they cannot refi, most of them have payment increases by 10-25% so then they foreclose, values drop and their neighbor cannot refi, he forecloses, values drop again etc.... tumble tumble tumble.

They were trying to sell us a pool of allot these.

Well needless to say of course all the carpets had to be pulled up and out and I had allot more of a clean up job to do as well as dead pigeons to discard, I burned them in a 55 gallon drum.