Stayed at the Galt House Hotel again, ate at one of the best restaurants ever again too- Jeff Ruby's Steakhouse. 

We just closed on our 1st SFD which ate up most of our cash reserves.

And Yes, that property is at E. 143rd and Lakeshore and it also happens to be across the street from the wastewater treatment plant.  

I really appreciate the information you are will to share.Thanks, @Kevin Dias!

@Julie HassettHere was my experience with the last property I bought with a wholesaler in Baltimore City: He "sold" the contract auction style - I was the highest bidder and the wholesaler sent me several documents, including a copy of the contract between him and the owner (plus an addendum lowering the price because my offer would have ate into the wholesaler's $3K profit). 

For the lurkers that might be curious and/or want context about why appraisal fees are charged upfront: So my firm did actually cover the entirety of the appraisal fee upfront for a while, to be reimbursed at closing, and we ate the cost if it didn't close for any reason.

The condo fees were rising so rapidly and the rental value of the unit was so low that the condo fees ate up a third of the rent.

I feel your original post fit me to a tee and far better than a list of my random thoughts!!  

I ate the cost, and haven't had a problem since.Good luck,CB

What are your DIA's and do you think this data point is relevant in your market?