@Chris Morris have ALWAYS seen bad "deals" from rookie wholesalers that really don't understand what they are doing to provide value to the industry.It's getting worse because the real estate market has recovered from the 2010 Crash, yet many are still using tactics & methods developed during this time.Everyone in the industry needs to go back and look at what was being done BEFORE 2010 and start using those methods, updating them with current technology.

I think an equally probable scenario is that we'll convert it to a rental, and then look into a 1031 exchange if we think we can trade into a better-performing asset. 

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.

I wanted to be able to put in some sweat equity and learn some of the skills needed in this trade.

My method has always been to call every listing that hit 90 days on market in areas that I want to buy.

However, the most effective method is to simply tell the tenant that they'll need to provide proof of insurance prior to or on the day 1 of the start of the lease, otherwise the keys will not be provided to them.

This depends on if you are using the Cash or Accrual method of accounting for tax purposes.

I think you're right, it has always been a beneficial trade for both parties.I have not seen the inside yet, but the owner said he is more than welcome to show me once I have a pre-approval.

It is the lowest common denominator of the construction trades.

You're trading high growth/stability for lack of cash flow.2.