After setting aside $100 for vacancy and $100 for repairs, my monthly cash out would be $802, not counting the down payment.On paper, it looks like a pretty good deal, with an approximate $400 per month positive cash flow. 

The hotel has been established for 15 years & the owner has showed my all of his paper work and my yearly income will be $100,00.00 easy so once I can get my foot in the door , I can easily repay my investors it's just coming up with that initial $ 125,000.00 that is my biggest hurdle at the moment .

The current HO would be in direct contact with the purchaser to arrange the cashier check for the QC.Yes, we all know there is a 20% or 30% premium (income) , but it seems strange to me to have NO paper trail  - even a 1099 from the county.Dan Mahoney My though on sale off the tax deed to other investors (with smaller percentage) so we can go back to the next auction.  

Just trying to get in the game and after doing research in my area on MLS, public records, driving for dollars, local market white papers etc. this fell on my plate! 

Can anyone briefly explain the ways to not wholesale illegally so I don't find my picture on the front page of the paper.

Hi, I wanna give your an advice, you have to better ask an expert about what paper do u need to have.It's a really difficult question and you can't lose money..

Hello, I'm a real estate agent in Broward County, FL, and yo have no idea the bait and switch and tricky wording that people claim to do "on paper".

We then are refinancing on commercial paper through a regional bank.  

. - Or you can put a tenant buyer in place and hold the paper !

I'll likely give it another few months before I officially thrown in the towel.