They also merely advertise homes that are in pre-foreclosure.

It will merely be a commercial loan instead of s conventional mortgage.

My current employment requires me to listen to peoples issues and than I provide feed back based on what I see, so my following opinions are merely insights, not necessarily advice.The following are based on 2 conflicting notions for you to consider:1) Learn from your mistakes.

Don't get sucked in by an agent who merely "dabbles" in commercial or hasn't done even one deal yet but talks a good talk.  

I would target properties that are being let go out of mismanagement, not because growth in an area has merely sloped.

After all, a comp is merely someone's opinion of what a property is worth.

Seems to me that decent wholesalers are merely approaching you as a representative of the end buyer.

Local title insurance company will provide the essentials of what they will require and perhaps a few attorney referrals who could assist and determine whether probate and court powers are required.Having the loan in one's name doesn't occur merely because a borrower verbal intended it to be so.

Let me re adjust your model, $100,000 sales price-41,000 purchase price-41,000 rehab cost-12,000 other cost-----------------------------= $6,000 profitPurchase 41k + 41k rehab +12k = 94k COSTResale of 120k + Int% because they are now funding the loan.They collect a non refundable option and keep the property if the buyer defaults.

25% vs 5% is a significant difference that makes me re-evaluate if this is a good decision for me or not.