TO many horror stories these days of funds blowing up.

Most turnkey companies proforma does not tell the complete story and that is why is called "PROFORMA" OR "PROJECTION", they don't account for the true vacancy, leasing fees, holding costs, and Headache factors that come with a Class C and D properties and neighborhoods.Hopefully, they can help you get to 100% occupancy and sell the property so that you can re-invest in a better neighborhood and relatively newer property like 2020 or newer if is possible in that market, or just go to another market you understand better or have some kind of connection with.All the best and keep us posted on your progress.

Try to get the whole story as to why they are paying late. 

At least this next potential home is only a single story so I cant fall as far. 

I was just looking to see if anyone has done such deals before.further context: its a one-story (4k sqft on 15k sqft lot with permission for duplex).

We have checked- and re-checked the loan docs.Long story short - we lost the deal.

I have no problem with wholesaling and do it on occasion myself but I hate hearing stories of elderly or clueless people being taken advantage of by some skeezy wholesalers.

Honestly, I’m not a fan of HOAs—they’re like little dictatorships, and I’ve got some wild stories to prove it!

I'm in Milwaukee and I have heard of a lot of bad stories involving this type of scenario...mostly involving out of state investors. 

Long story short, he ended up buying a worthless piece of land.