We back into the "strike price", meaning the maximum price we're willing to pay for a property, by starting with a conservative ARV and then backing off our required profit, the rehab cost, the time value of money (carrying costs and interest), and a contingency reserve for unexpected expenses.

As a wholesaler, a seller approached me with a 48 unit apartment complex, 7 duplexes and a 2500 sqft Single family that he wants to sell (all of which occupy the same block.) 

For instance, lenders in SC can offer a downpayment assistance (and a related first responder/veteran loan) program through SC Housing Authority.

Thanks.If I'm you, the last thing I'd want is the seller installing an AC unit, water heater, and a furnace right before closing.There's ZERO incentive for them to do the work with the same "love" that you would. 

If you listen to David Greene, he's hearing more and more stories about syndications struggling to keep up with their promises and a lot of investors are losing money, or pouring more money into the syndication to try and save their original money.

I recommend a full inspection before occupancy, at least one per year, and a full inspection after they move out.

They stated they collected them and as per the letter from the housing assistance program they should have started collecting those funds from the tenant back in October.

@Grayson Chao look up WAREI on Facebook as that is a big active group of local investors and a number of meetups get advertised there. 

We had wonderful guarantees and a signed contract.

There have been some big players entering the PM market and a lot more interest in acquisitions of smaller PM operations.