I see you keep 6% reserve, but depending on when those incidences occurred, how did you cover if that reserve wasn't built up enough yet?

I am new bee and not used to with dealing tanents on smaller things.one of the incident that happened today is we had sent technician to repair freeze with our expense. we have communicated date and time precisely and tenant agreed upon.

I had an incident similar to this 4 months ago.

Hello BP I'm from Las Vegas, NV serious about wanting to start up wholesaling but after doing some reading from what investors posted on here about their incidents with wholesalers not being the best ethics wise.

Are these incidents in one general area or are they dispersed throughout the city?

So, I'll assume the risk myself.Similar to what Lucia has done, I will keep a reserve of cash to cover unexpected incidents which I would otherwise have made a claim.

We also had an incident here where a facilitator disappeared with some folks cash.

hard money rates for a no money down deal around here would be 6 points (if you're lucky) and 18 percent....before the sunprime incident, people were making big bucks in fastmoving markets like california and florida, where property values were increasing at unnatural levels and banks were fairly free and easy with their cash.you can make good money in real estate, however, the days of get rich quick in real estate are not the norm and shouldn't be your expectation.

Insurance company paid within 2 weeks of the incident. 

Bottom line, I'd prefer to keep him if this is indeed an isolated incident, but I need my rent money.Other notes: He is still answering my calls, so he's not avoiding me as of yet.