If you are looking to sell to a wholesaler you need their buying criteria, contracts and standard terms.If you are looking to buy from a wholesaler you need to ask them what their model is.

If I "forget" this expense when I buy the properties, then I am committing myself to a lifetime of tenants and toilets in overpriced properties.It takes longer to find/make deals that fit our model. I

The reason being that money isn't really invested in the deal, I understand you want it in place for a safety net but that isn't a function of the cash invested.So the numbers I come up with are:Ask Price $64,600.00 Loan $51,680.00 Down20% $12,920.00 Closing6% $3,100.80 (I use 3% but I'll go with this for you) Touch Ups2% $1,292.00Property Type 3 Rent / Unit 483.00 (Based on reported annual gross) PI 285.38 (I used 5.25%)Expenses 50% 724.50 Total Expenses 1009.88 Monthly Gross $1,449.00 Annual Gross $17,388.00Monthly cash flow $439.12Annual cash flow $5269.45Recover Funds $18088 41.2MonthsCOC=29.1% There may be an error or two from as I copied it over from my "quick and dirty" spreadsheet, but all in all I think you get the picture that this is a pretty decent buy.

Michael's fire has me thinking about safety inspections.

I don't want to get stuck in research mode, but I don't want to be stuck in a bad situation either.

I still believe you can do specs with great safety.

PubID=772Other housing safety brochures:http://publications.usa.gov/USAPubs.php?

They're in the mode of going out and justifying a contract and protecting the lender.

My concern about pets is my own safety when accessing the property first, property damage second and liability third.

Dealing in the N/P sector can be very rewarding, financially and personally and so requires greater knowledge on several fronts compared to dealing in a for-profit mode.