The one thing that I have observed about agents and wantra-prenuers is that they only serve as a distraction and are considered time wasters by staff who must open their mail and spend time throwing out the cheap flyers and such.No.

I agree with your observation and have not seen many wholesale deals.

Been busy lately and haven't been visiting the forum as much as I used to..Some observations I've made over the past few months...Rural land market has been slowwwww....

It is my observation that people will bring a property down to the level they are accustomed to.This contractor insisted that if we did some work (leveling kitchen floor, new vinyl, etc) that he could convince her to clean up her act and do a better job cleaning up.

One observation however... the 3.8% surtax on net investment income doesn't apply to "flips."

The only trouble is that there aren't very many lenders out there that work this way, so you may need to seek out private lending sources that will look at deals on a case-by-case basis, and fund based on the merits observed.

Recently Jon K. posted on another thread his observation: "I've said this before.

The termite damage was on the sill plate and joists that would have been very easily observed (there was a huge hole in the subfloor under the hardwoods) if either the inspector or termite inspector had gone into the crawl space that was acceptable from two locations.  

With that said, look at the actual $$$ you are pulling out (and ruining your nice cash flow numbers as you've observed).If you pull out 20% from a rent of 1500/month or 18,000/year, you have saved a whopping 3600...at the end of the year.  

Not an LLC, and partnership where 1 member is in OH, so that wasn't the case.My post was simply an observation about what I feel was happen in my situation.