Here's what the wholesaler is laying out:No seller or wholesaler disclosure on the property … it's an as-is saleOne open house will be held at which the property can be viewedBuyers have 24 hours after the end of the open house to make an offer comprising simply the offer amount along with proof of fundsWholesaler selects the winning bid that night and send the buyer an assignment contract.Buyer wires a deposit (over $10k, and not called earnest money but called a deposit) to wholesaler's attorney the next morningWholesaler sends the contract between seller & wholesaler to the buyer and/or buyer's attorney1 calendar day for attorney's review (in NJ real estate contracts are not binding until both party's attorneys agree on the contract)Deposit is only refundable if title is not clearApprox 3 weeks to closeThere's no underground oil tank contingency (in NJ it's common to have the seller remove an underground storage tank).Are these steps & conditions & timing typical for a wholesale deal in NJ?

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. - It depends on how you want to manage your unit but I would block out your STR calendar in 3 month blocks.

I'm not sure on the size of your property but, for the past two years we have shut our calendars off at September first and marketed it as a " month to month" or " Mid-term rental ".

Also, I try to make the meetup events that were referenced and you should certainly put them on your calendar.

I drove a car with no muffler, treated them like people and (here's the biggest one) had thier paydays written on my calendar and had an understanding that I will be there Friday afternoon of payday for half of the month's rent. 

If I had only $1000 in EM, maybe I would've pushed it but personally the whole deal was screwed up from the start, (check your calendar and see what day of the week January 16th was), the agent that was representing me is as worthless as t@ts on a boar and I don't like being messed with so I got out!

Look at rates of similar type rentals in the area you are considering, and follow their calendars as the year goes on and see how booked they are.

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@Bryan Chuchta - Here is the TREIA calendar.