I can say in Detroit the wholesaler your talking to has most likely found that deal from 2-3 other wholesalers, they literally have to payout 2 - 3 other parties to get the deal and this is what the fees are high and the deal makes no sense.

Any update on this question, I'm also in the same boat and would love to know how to proceed.

I am off to the boat show so done for today best of luck.

The requirement for a notary to oversee the property transaction further safeguards the investment process, providing both parties with legal protection.4.

What I disagree with is VRBO's blanketed take on pricing when it comes from a 3rd Party, which is something that was mentioned on the phone today. 

Missing these dates can have dire consequences.Schedule third-party inspections early and submit lender applications promptly.

This is advantageous bc later you have a third party loan (not your personal money) so seasoning period is 90 days to DSCR out. 

Consider getting a statement signed by all parties which states that everyone has agreed to terminate the current lease early on X date and all obligations by all parties have been paid in full and that the deposit will be kept by the landlord and will be applied to the new lease. 

HI @Ananth SubramanianI have not been in your shoes but have read others that have and from what it sounds like getting the judgement is the easy part and physically collecting the $$ from the tenants is the hardest most impossible part. I

They will also charge you to have an inspection by a 3rd party or to use an app to make sure the work is done.