I would much prefer to not work with the big banks and in my experience sometimes local lenders are not very sophisticated when it comes to non-cookie cutter conventional residential lending.For instance I recently worked with a local NC lender on a subdivision and construction loan which incurred unnecessary delays and thousands in additional expense, not due to the economics of the deal, but rather the bank's ignorance of the law and considerations that arise in subdivision/recombination of a plat.Go forward I would much prefer to work with lenders who are well versed in dealing with REI and avoid paying for the bank's learning curve and oversights.

If this deal eats all your liquid cash from the get go you are exposing yourself to unnecessary risks.Keep us posted.

So it wasn't a complete rehire of crews,  nonetheless it still caused a decent, unnecessary delay.  

Plenty of other challenges to worry about without adding unnecessary complications.

A full service provider is great, but paying a bunch of fees up front is unnecessary even if your looking for a truly passive investment.

The first pillar is avoiding unnecessary and risky activities (don't drink and drive, insurance generally won’t cover your poor decisions) and take good care of your investments(maintain your property, etc) - these simple steps will help you prevent lawsuits before they even occur.

If such a "surprise" comes up during the narrow inspection period window, the contract might be canceled outright, or at least create some drama no one wants or needs.Contract cancellations are expensive for everyone involved and totally unnecessary if you get your own inspections up-front so you have time to resolve the issues that may scuttle your deal and make the sales cycle take longer than it should.Good luck with it.

I would just make sure to clarify all the "junk fees", they usually amount to around $1500-$3000 here, which is all unnecessary.

My feeling is that if a wholesaler truly has a deal, a nonrefundable deposit is unnecessary and redundant.

Real estate investors (and I have occasionally been guilty myself) often add many unnecessary layers of complication to what could be a simple transaction, for reasons of gaining elusive or not existent advantages.