And this market 100% of the sellers have paid it (my market). 

I am currently trying to learn as much as possible by reading books and listening to podcasts.

I believe a large portion of the users on here owe at least a small portion, if not a large portion, of their success to this community.  

The seller backed out of the deal and didn’t show up at closing, but now the wholesaler won’t sign off on canceling the contract.Has anyone experienced something similar?

If you need more guidance, DM me, and I’ll point you in the right direction!

Quote from @Ko Kashiwagi: Hi Pricilla,There is no down payment on a refinance (only for purchase) but you have to "leave equity" in the house when you refinance a house bought with cash.When you do a cash out refinance, your closing costs will be subtracted out of the refinance loan, so no you do not come with any cash to the closing table.Yes, you can use the cash out proceeds from the proceeds to buy another property.Ok that makes a lot of sense and makes my endeavors more manageable.Thank you for your advice! 

., mortgage interest, taxes, repairs, depreciation) on Schedule E starting when the property is placed in service.

@Jesus Gonzalez - The best way to approach this question is to talk to a mortgage broker or local bank lender.

@Jerry Velezif a property is owned outright with no mortgages, debts or liens on it, then it can (potentially) be purchased on seller financing. 

To whom this may concern, I am an investor looking to buy my second property.