So thats kind of the standard operating procedures in those markets and nothing really sells for full list price..

We typically estimate standard costs for these items but get them done much cheaper with our own crew.

.: Hi All,Is there any way to structure a private lending arrangement so that income is considered passive (by IRS standards) and can offset accumulated schedule E losses?

That's pretty industry standard. 

@Saul Clavijo make sure you understand you will be getting into Class C properties at those numbers.Food for though below, DM us to chat more about Detroit:--------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

If an agent brings a client and buys the wholesale deal, their standard contract is the second contract that the original contract is being assigned to.

You'll have your standard recording fees and mortgage tax, etc. 

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For example, some states the standard inspection period is 14 days, but you can request longer or shorter in the offer letter and if the seller agrees and signs, its binding.

Quote from @Jim Peret: Dan,Why are you acting like mismanaged ODC is the gold standard?