What amount of deductible makes sense is an individual decision based on your business model, investment basis in the property, resources and operating capital, etc.

There are websites and courses all over the net that sell this dream of wholesaling as a get rich quick and easy business model, it is not.

That being said, the exact same model of this house sold last week for top dollar with 1 day on the market and multiple offers.

And to be well-positioned to do the second group, you need a certain set of skills:- Ability to create detailed business models and plans;- Ability to raise large amounts of capital;- Ability to understand complex financial models;- Ability to build and manage large teams;- Ability to systematize and optimize on a large scale.Most people don't have these skills and will never have the opportunity to easily acquire them.

Your model works for you and works in your market.

I prefer the book model if most all the ideas are there.

You might find that a local lender will be more flexible once they get to understand your business model and you have had some success.Consider getting the LLC up and running now.

How important any one piece of information is will vary by the deal.As a screening technique finding out if there is equity can be important given your business model.

If they were late model, they steal'm to resell, if older,they strip'm for the scrap value.

Lonnie's business model is to buy a mobile for 10-25 cents on the dolar (trust me no MH seller's asking price is within 50% of what he'll take to walk away) and resell it for "terms"There are two sides of every deal, there's "price" and there's "terms". 99.99% of all buyers are "terms" buyers.