This burst taught us all a painful lesson, and many of us remember it well, but some are starting to forget.  

I feel the sellers pain but at the end of the day the end buyer would own the property and can do what they want to do.

I was such a pain in the #@%& to my builder, but that's ok.  

One of the recent videos from the new #askbp podcast is about this topic. http://www.biggerpockets.com/renewsblog/2015/04/21...My thoughts:The good = access to listings, knowledge about contracts, save money on transactions, able to make additional income by finding properties for other investorsThe bad = time, cost, administration (you save money on transactions b/c you have to do all the paperwork)Some people want to focus on what they do best and outsource the rest.

You are safe to wholesale unless you get caught than it can be very painful. 

Seasoned partners help because they've already faced and dealt with the hardships that come with a first deal making it much less painful for you.

There is too much government involvement now.A driver CANNOT buy the amount of insurance they want but has to buy UNLIMITED no fault personal injury insurance.EXAMPLE If someone is trying to commit suicide and purposely drives their car into a tree at 50 miles per hour all of their injuries are paid by their insurance including UNLIMITED pain and suffering and damages.An insurer could be charged $3,000,000.00 or even more for something you intentionally did to yourself.And yes the Detroit mentality makes the Michigan requirement unworkable.

My advertised rental that he wants is $475.00 per month and so it would appear that he should easily be able to afford my rental, except the only proof of disability income which he was able to provide me from the Social Security Administration, dated: Nov 28, 2014 indicates only $946.00 to be paid on the 3rd day of each month.

I have been in a similar situation, though only a couple hundred bucks was at risk, so I feel your pain.

., executor or administrator) just list the property with someone who knows the area well AND can demonstrate a proven track record selling probate property.The fact that it's a probate sale should not have a negative impact on sale price.