My goal is to reach a hand shake agreement before settling in with my attorney to draw up a PSA. 

And for crying out loud - stop sweating it.I can hear you shaking from all the way in Ohio :) 

You'd want to account for vacancy, property management, CAPEX, etc. to make sure you fully understood how the numbers would shake out, but at a high level I think this shows how leverage in many cases, can greatly increase your cash flow, leaving the amount of capital you have contributed fixed.

He will shake for hours when that happens and running back and forth to the backdoor, if it's closed, If it's open he won't come back in.

Its not a bp podcast, but it's really good.Well, usually I don't go to links, but I did.Should have known I'd be wasting my time, but I did it knowing that but to review as to what gets put out there.Michael has a good reputation here, I don't recall him ever getting into details here on BP, mow I know why.His angle as to the phycology, shaking his head and hand gestures, yes, that can be effective.When we got to hard money lenders loan more than 100%, ain't gonna happen in reality in my neck of the woods, not without a good relationship and certainly not to a newbie off the street for the first time.

I was just trying to see if it was worth trying to shake my money trees or if I am out of my league on this one.Thanks again!

@Tim Angevinewelcome, after a few wholesale deals I hope you expand. there are more deals than you can shake a stick at that can help you make your dreams come true.

Don't shake it (just stir, don't want bubbles).

I agree that there has to be a way to get started in this high priced So Cal market.All of these podcast with people talking about $40-$50,000 properties, I just shake my head.

Matthew Brill, you said "I'll keep going along with it until something shakes out".