Benjamin Toaff is a killer wholesaler you can learn from and he is local in Miami.

If everything is still a go at that point, spend time on the compliance to make sure there are no deal killers.

Not to say it is a deal killer, in my opinion, but it better be worth 22% of the deal and I am not sure how that could be possible unless they have a pool, gym, and other entities involved that will entice prospective tenants to rent your property.My opinion regarding the type of loan is this.  

Everyone knows that turnover is our highest non-damage related revenue killer.

All this is not a deal killer.  

Common utility costs can be cashflow killers (build these into your budget), and insurance companies loathe these (so get to know about insurance companies that deal specifically in investment properties)B+ plex in B+ area typically attracts C+ tenants

I market for motivated sellers using direct mail, negotiate contracts 70%-80% of the market value minus expenses (which aren't even crazy killer deals), then borrow money for lines of credit to pay all cash for the properties, fix them up, rent them out and then go to a bank to refinance the property and pull 100% of my initial capital back out (Banks will lend on 80% of appraised values).

That's a killer postcard... love it!

Education over Action By far this is the #1 Killer of new wholesalers success!

One other guy i know got a killer deal in month 2 and thinks probate is awesome.