What I think I have discovered, so far, is 1) in Georgia, it is perfectly legal to wholesale without a license; 2) for many if not most properties it is best to have buyers lined up in advance; although for an exceptional deal, it may not be necessary (incidentally, I do have a short buyers list already and plan to expand it; and 3) those buyers and/or a hard money lender can provide POF if needed, although in a FSBO with no listing agent POF may not be necessary.

Thanks for sharing the case study. 

Be prepared and let them know if there is major hidden damage discovered after walk through they can be charged for it.

Keep studying the market.

Can't remember where I came up with mine but no way would I fork over $2000 for a lease.I'd suggest studying the landlord/tenant laws for Georgia. 

I recently discovered real estate as a fun topic to learn about and am enjoying learning as much as I can.

First step is to study and understand securities laws :)

After the inspection, we discovered the roof will need to be replaced in the next 3-5 years and we asked for the cost of the roof to be deducted (12K), which they accepted.

After the inspection, we discovered the roof will need to be replaced in the next 3-5 years and we asked for the cost of the roof to be deducted (12K), which they accepted.

After the inspection, we discovered the roof will need to be replaced in the next 3-5 years and we asked for the cost of the roof to be deducted (12K), which they accepted.