Another update on this project.Rehab completed.Glad I decided to keep this property as in a rising market you will make more money if demand continues, and this is what I am seeing in Bagley.I had my realtor/property manager view this property and she believes we could now achieve $120,000, this is with rent ready rehab ($9000) I spent.

It isn't prosecuted against often so there is low risk as the wholesaler but if an issue arises, the listing agent could report what your agent was attempting to do and they could be in trouble with the state board.This is why most wholesalers write their own contracts, do their own marketing, and work with off market leads.WORD OF ADVICE: No many investors are going to buy a property from a wholesaler that is on the open market.

If the opportunity arises for me to slip in a line or two, then I do and it has paid a plentiful amount of dividends.

Isn’t a survey typically required for  title I surance, or either there is an exception for any issues arising out of /missing in not having a survey?

It also allows you to not spend all your money in that deal and have a ability to pursue another opportunity if one arises before your rehab is done.You will spend a lot more in a hard money loan. but it is worth it if you are able to pursue another deal because you still have cash to available or you just really don't want all your cash tied up.

Any property is going to need repairs at times so don't go into this deal cash poor or when problems arise you will stress out more than necessary.With your military schedule are you planning to self manage the other tenants?

Particularly with unrelated parties, there are so many more unknowns and situations that can arise that the saying is true... you get what you pay for. 

Be alert to changes and be prepared to act swiftly to get rid of her if there are any indications of a issue in paying rent, make no consessions or you will lose money needlessly.Best to express verbal condolences if the opportunity should arise.

Finally, when you purchase your first property, strongly recommend having some cash reserves to protect yourself from problems that may arise.

I want to stay in the DC, Maryland, Virginia area so I can be close to my property, to deal with any issues should they arise.