And we remember how the most recent hammer on the industry (lead-based paint remediation) and how THAT was supposed to put the feasibility of renovating a property to bed.I don't mean to make light of what's going on, but we have to wonder how big of a deal this is actually is going to be in the grand scheme of things.

We're all going to have to work a lot harder in the future to hit the homeruns/grand slams.

Your wholesaler(seller) adds a few grand to the original asking price and you do the same(assignment fee) then flip it to your end buyer....

Sometimes a grand or two is all it takes to get someone to do what you want them to do... and when you consider the 'time value of money' that you're wasting with the 'legal system,' you might actually be getting off cheaper to just make him such an offer.

That is an awesome profit for ARVs several times what is sounds like the top of your market would be.Also if you really did find that grand slam why not do it yourself?

I spent a few years on the West side of MI in Kalamazoo and have also been to Grand Rapids a few times.

Another thing, this L/O guy is charging a grand for what closing, there isn't a closing. :)

No proof of payment, no audit trail for source of funds, large transactions on a regular basis, not good for them or you.No credit history of mortgage payments to date, like I said, a lender will not take your word for it as you benefit from the loan proceeds......like, yes, they paid me before payments were due, greatest people I've ever dealt with, now,  please give them a loan so I can get my money :)Don't know what other deposits you make, but if you've been dumping more than a grand in as a lump sum for months and that was not customary for your account your bank may be doing (should be) doing "large cash transaction reports" with each deposit.I'd be giving my bank a call, explain you've been depositing seller financed note payments and that you were paid in cash, I'd explain the "ignorance" of the matter and ask for guidance.

Hello, All... I am here to learn more about this type of business. I would liike to talk and work with a few local people to better understand this business. Thank you.

If I was to continue with this deal, I would allow for an extra grand for any unseen plumbing issue and prior to sending in my EMD, I would have had my HVAC contractor come out and check the system.