so if your spending all your liquidity on one mail run good chances you wont wholesale anything and the 2 to 5k is lost.wereas here you can actually close on a home.. you have not lost anything.. and then you can resell and hopefully make a grand or two.. and thereby get actionable real experience other than building a mailing list and sending it out and preying you get calls.now if you mail to most of those areas you WILL get calls no question.. its what you do with them.. and remember how competitive low value asset direct mail is.. most folks if they get one letter they have gotten 20..

It's all a function of how you value your time as a commercial broker.You have to remember if it's a big firm they often have 2 to 3 or more people on a team.

Just remember that you might have to look through quite a few situations to find a workable deal.

Ideally Heloc would be best but cash out is fine.  60% or more is fine with me. 

Although this may not be the ideal property to purchase, that doesn't mean holding on to it is a horrible idea.

Matthew Paul Ideally best to keep looking, assuming that you have the capital available to take on a second deal.You can always get the property under contract with a goal to close once you are done with your current rehab.

Remember Frederick Douglas words ..."

That's $2190/yr and remember you're paying 90% of that in the 6 coldest months of the year here so budget accordingly. 

Also remember that you inherited it at a STEPPED UP BASIS.

Didn't cross my mind until this morning that I remember something about a required ownership period of at least 91 days prior to selling or accepting a contract.