I've walked away from numerous properties during the due diligence process, its just part of the game.

I have family and friends that are involved in various area's of Real Estate and of course since I have decided to jump in, the advice I have been getting in numerous.

We all know in this market or in March 2021 there were a shortage of properties and people were giving 20k over list price, and no buyer kickbacks.I asked my older brother numerous times where the appraisal was and he gave no reply.

Wholesaling is not real estate investing, it is mostly a marketing business. second, your concerns of legalities are legit and there are numerous threads on here about this topic, I suggest reading them and paying attention to the veteran and experienced investors, keeping caution on some of the other comments as many are self serving in this space.Here is the real meat and potatoes - wholesaling as a rookie is (in my opinion) even more difficult than doing a rehab flip.

I would listen to the numerous amounts of podcasts that discuss this in great detail.

This same question has been asked and answered here on BP numerous times.

Mind you this is after numerous run ins with this guy, because I made it a point to go introduce myself as well as made it a point to say hello every single time I see him outside.

IMO.....if you kept it as a rental, your “cash invested” (your numerator) would be the cash you’d walk away with if you sold it now, after taxes.

Hi Jennifer,Over one hundred years old, Wow.Think of all of the people who have lived there over the years, some may have ridden horses to work.It reminds me of a Movie Called True Grit about a Girl from old time Arkansas looking for revenge (one of my favorite cowboy movies): https://www.youtube.com/watch?

I have numerous rentals, they are doing well for us, but we are wanting to shift into some other investments in the coming year.