Remember, many sellers are looking for solutions to problems, so your role is about providing a service as much as closing a sale.As you navigate the wholesaling process, keep in mind the importance of due diligence.

The slowdown allows more time for due diligence, property acquisition, and long-term planning.

I’m not sure what sort of extensive “due diligence” you did but clearly you didn’t.

Take ownership of your mistake and learn to do the proper due diligence recommended above😊

Many will also require a third party due diligence report from a company like Mick Law or factright (which they run around $30-$50k). 

Or if its a total bummer your client does not blow due diligence money on something that is not going to close.. this is very common when working with wholesalers who dont want to spend money on anything.

It's working out ok other than some latent defects the seller hid from me and my inspector during my due diligence period.

It just feels like I’ve been making a lot of short term sacrifices for long term gains and I have to be really diligent with money management. or I could also just try to borrow money for the renovation, and pay off the line of credit over time, but I feel like that really would limit me and if the stock market(my collateral) went down I could also see some trouble. 

I’d love to hear about your strategy and how you approach due diligence when expanding to new markets.

The right idea is going to be the bread and butter.1) Ideal location2) Quality properties over quantity of properties3) 1.25x DSCR4) Intention to hold no less than 8, but ideally 12+ years.5) Sufficient cap reserves6) Mechanisms to enhance cash flow(via alt investing or house strategies).7) Liability protection through no PG loans(if possible), LLC formation, property management and being a diligent landlord.8) Invest deeper, before wider.Now if you're talking where to invest, different information.