You also need to account for the eviction process, state laws etc...

While I don’t typically work with real estate agents to find deals, I do collaborate with other professionals throughout the process.

@Grace Chee The process for this is time sensitive, you should have gotten a TRIM notice around late August, early September.

They had pumper trucks at the river, and water trucks running back n fourth filling and refilling. 

Negative CF, which is what you are describing, means you are buying your property, and making no money in the process.

Just know that it is a "no days off" kind of business and very mechanical.I would suggest documenting your process via video so that eventually you can bring people on to replace the different hats you will be wearing.Keep in mind of these 5 components of any wholesale business.lead generation, deal sourcing, underwriting, marketing, transaction coordination.

We had the same thought process when we started A Blind Pig.

Is there someone willing to guide me through this process?

Zillow has an easy application for them to fill out. it come back with a credit score and background info. 

One of the biggest issues is probably borrower default—whether due to mismanagement, market downturns, or unforeseen circumstances, lenders can end up in long, costly recovery processes.