Inflated ARV's and underestimated rehab costs are common practice with most wholesalers, much of which are newbies who have never flipped a home themselves.As another stated, there are other ways to land deals besides wholesalers so cast a wide net and use multiple avenues to funnel your leads.

What did you do with the utilities—did the city allow you to split them?

Remember to include the common area meter!

“It is definitely common, especially in boom times.”What is less common is for an active employee to solicit investment on the company’s internal systems.

There is also a common use roof terrace of another 3000 sf.I got into a mess with my other investments so now I have to exit the project to get cash.I'd hate to sell it as an empty lot.

Granted MFH are more common in rougher parts of central jersey and my purchasing power can't acquire me something in North Jersey here homes are much more desirable when it comes to appreciation and schools and safety.

But you can offer a "buy out" agreement to the tenant, and yes, 2 months' rent value is commonly seen.

@Srinath GopinathanThey will stipulate what is common area property and what is the unit owners responsibility.Also covenants will dictate things like no gas grills and other things that can and cannot be done so they can properly insure and not over or under insure

As far as the land itself goes utilities are most likely going to be your biggest due diligence item.

That is the most common piece of advice I have received.