You are precisely right, I took a screenshot of Mikes words of wisdom!

I go to several groups here in Oak Park, Berwyn and Chicago for precisely this reason. 

If I know that investors in a given market are paying a 9 CAP for buildings such as the one I am considering, but I can get into the deal at 10 CAP and expand to 11 CAP, this is valuable and precise context – I know I am getting a good deal.

This is not a precise number because I do pay a few hundred extra each month due to having a higher amount financed and PMI, but I think you get the point.

In my experience, the most troublesome landlords are the ones with 12-month leases precisely because they know they have locked the tenant in.Teresa, there is zero reason to assume that MTM contracts inevitably have annual rent increases.

It's also possible that someone could call himself a Flipper and he is correct, although it would be more precise if he said he was a Wholesaler.Am I off base here?

Our family is 3/4 vegan with the only animal products we consume being leather and cheese, however, we are phasing both out.My position as the president of a tool company and a precision agriculture company consumes most of the time.

Avoid Precise Property Management LLC at all costs.I have switched to Arrow Equity Trust LLC and thus far they have been very good.Good luck.

Once you close and list on the MLS (or even just close without listing), you have time, options, and more offers to choose from.I also consider it a little ironic that you say "the worst" downside of wholesaling is you are "depending on the seller's word" when its in fact the precise opposite from what normally happens and it's the seller who depends on the wholesaler and the seller's trust is misplaced. 

Yes, this is precisely why many Realtors want an exclusive contract.