A mentor can help you avoid typical problems and offer advice, support, and insights as you negotiate your initial transactions.Assemble a trustworthy group of experts to support you during the wholesaling and subject-to transactions process, such as real estate brokers, lawyers, contractors, and bankers.Real estate investment may be difficult, and tenacity and determination are frequently necessary for success.

Andrew - I think you've accounted for a majority of your costs, but just a few others to consider include: vacancy factor (typically 5%), turn/over or releasing expenses, and property management fees (7-10%)  - whether you pay someone else or do that yourself you might want to include in your calculation.

Provides an option to convert to a fixed rate, which will be higher than the typical rates.

In my area, they typically don't reassess after a rehab unless you are building a new building or maybe adding an addition etc.

Yes this is what I was talking about essentially. 

Depending on the type of strategy and the financing, reserves can also differ - whether it's a short-term rental, mid-term rental, conventional, DSCR, etc.In general it would be:downpayment + appraisal + title fee + escrow fee and prepaid + lender's feeFor rentals, you would usually be required to have cash on reserves for a certain number of months worth of PITI - typically anywhere from 3-12 months.

That lawsuit is a claim for fraud, and that’s what fraud typically is...a misunderstanding and someone being “injured” and wanting to hold the other responsible for it.

Typically, when I'm buying, I do not pay for any of the closing costs, except for items which are pro-rated (I pay my share and the seller pays his) and I pay half of the title company's closing fee (which in Nevada, is about $300 per purchase I make).

It is essential to prioritize data over emotions when analyzing deals, just like an investor would.When it comes to the real estate business, many people tend to let their emotions cloud their judgment and underestimate the importance of building strong relationships.

They will typically give you a sheet with a breakdown.