so he has an initial negative equity in excess of $100k.so -$100k / (a very small cash flow when properly allocating for expenses and vacancy) equals years before there is any cash flow.  

Having rentals that just pay for themselves or generate excess cashflow you can tap for other things?

Has anyone who invested in non performing notes at Prereo actually been paid after selling the property?

I know that RTR positions themselves as “turnkey” but the reality is that they are more of a hybrid model - they set you up with everything you need and facilitate relationships with lenders, insurance, property managers, and so forth - but they are not the actual service providers.

My question is: when wholesaling, after finding a great deal, do you need real proof of funds to the get the property under contact or is there a way to get it under contract, find a buyer and complete a double closing/assign the right to sell without actually having the cash for the property? 

The people are a bit abrasive and the fees are excessive.

Im currently in the process of getting it rolled into an actual mortgage since these are rentals.

PS: I guess the best agent will be the closest to the actual price once you do your research!

I actually just bought a duplex that was on the market last month in cleveland. 

@Glenna Wood, They're actually in conjunction with a 1031.