When you make an offer, put the following in the Special Stipulations section: "Buyer agrees to provide earnest money to listing agent in the form of certified funds within 48 hours of binding agreement."

So on my offer I had to stipulate that I would allow the seller/bank to cover closing costs up to 3% only (no more), because most mortgage companies view anything over 3% as a red flag that the buyer doesn't have enough cash for the transaction which increases the loan risk.

Are blogs under the same advertising/marketing guidelines as other websites or are they exempt under some specific stipulation?

(Is the only thing needed here a contract to purchase the property, including any other stipulations or agreements, for the agreed price, signed by both parties?)

But also keep in mind, your purchase agreement can stipulate you can back out if you don't get adequate financing (so you don't have to lock that down right now).

The deed of trust stipulates the "conditions" of that occupancy.

Joseph, I'm still sort of a newbie who has been doing this on and off for the past 2 years(mostly off) BUT I feel I can offer a few kernels of wisdom..First off, bird dogging is almost a guaranteed waste of time...it's too much hassle for not enough money(take it from me) Secondly, proof of funds has never been required from me when putting a prop under contract..If a buyer did ask for proof of funds, you just tell them you'll submit the info to your hard moneylender to see if he'll approve the deal.You'll want at least 1 or 2 hard money lenders if you ever decide to do a rehab but they're really not necessary for wholesaling..Also, my contract doesn't stipulate giving earnest money nor have I ever been asked for it..If you tell the seller it's an all cash deal(which it should be) then they're fine w/ that....So to sum it up, YES you can do this while being out of work...just have the buyers lined up, pick a solid marketing strategy and wait for the phone to ring..

You can put whatever stipulations you like, it’s a matter of whether the seller will accept.

The only stipulations were that it had to be deposited in a new checking account at the bank at closing (I had to open a new one anyway for the property), and I was required to provide receipts/invoices.

The good news is, the home that we are looking is not bound to the ‘historic society’ stipulations, which is good news.