If you have an apple device follow their podcast, you will not regret it.

i know many disagree on here , but i prefer using a cap rate . i think it allows you to compare apples to apples in a particular market . i sometimes use different approaches to value to come up with an average if i am really perplexed at the value . it doesn't sound like too bad a deal . i think if you can cashflow with a 15 year , you are at least in the ball park .

Make sure you are also comparing apples to apples as bids and descriptions will vary greatly, Ive been in this business for along time and its scary the type of work being done.

You want apples-to-apples when comparing tenants. 

These deals can create 3 to 5% value in assignment fee relatively quickly like 10 hoursFree and clear houses that have no mortgages, have opportunities for creative finance tooYou could buy the house and give a payment that is low enough for cash flow with market rentYou could have a homeowner get a 50% mortgage for cash now and then get some cash later with a private second mortgageThe negotiation with the seller on terms deals is completely different than pushing the price down like car dealer in wholesaling, it's not apples and oranges, it's grapes and watermelonsBeing a one trick pony doing "only wholesaling" with all the competition you have I think is crazyI get a ton of my pretty house terms deals from wholesalers that only know how to wholesale

Carine's enthusiasm and passion for real estate started when she first stepped foot in the Big Apple almost 20 years ago, leaving her native France behind.

All too often, people think I am holding their impound funds, which we do not and that is like comparing apples and oranges. :)Escrow is not the word used for the settlement agent in every state, Cali is the only Escrow-Driven state in the country, so it is not likely you will hear "Escrow" as referring to the closing agent in too many states.

Except your long drawn out scenario makes multiple big assumptions:1) hard money lenders will pay taxes - wrong, a lot of them fund from their IRA so they're tax deferred or tax free.2) the two investments are mutually exclusive - wrong, you can clearly do both and take advantage of the opportunities the bring.You're trying to compare an apple with an orange.

Should the Apple employee guarantee that my Ipad works for 10 years? 

We will not be managing the properties directly.I have saved your podcast #170 on my Apple Podcasts app and I listen to it at least twice a month to both motivate me and to remind myself of my goal of both reaching 1,000 units and being able to raise money.