Saying, "difference between a cpu and a computer" is like saying "difference between an entree and a meal".

To everyone who said to fire the PM ASAP and questions my lack of filtering that led me to hire this PM:He wasn't just some guy off the street, I interviewed him for 2 weeks and documented the entire conversation on an e mail chain and he gave really good answers and his response time was really great (2 to 3 replies a day).He was interviewed to take over the original would be PM who was also the leasing agent who doesn't know anything about PM, so at the time he was saving me from another bad PMThe home this PM is in charge of is fairly new with very little repair work.

It did not cost us anything to work with the broker other than a meal at PaneraAs to apartment owners who are willing to finance themselves - it's all in how you market the deal.

It has all the stuff like... don't flush hygiene products down the toilet, don't daisy chain extension cords, etc...

We've done the obvious: Pay property taxes, insurance, property management, utilities, leveraged nearly everything we could squeeze out of the properties with mortgages, write off interest, take depreciation on the value of the building, recorded all expenses down to $1 for duplicate keys, taken mileage for every trip to the bank, properties, courthouse, Home Depot, showings etc, we outsource all the contractor work and then broken down the quotes to painting, repairs, supplies, 5  year deprecation items, and 27.5 year depreciation (a contractor installing Blinds, Laminate Floors & Windows would have 3 breakout prices), we write off meals, permits, REIA meetings, BP Subscriptions, record CPA costs.

Too many links in the chain.  

@Jay Hinrichs Absolutely...everyone is stringently licensed in all of our chains.

I won't play that game either.So at the end of the day while wholesaling is one avenue to get deals.. its not for everyone of us who actually are as you describe ( have the ability to execute on a dime)  we want to be treated special.. not lumped in and have to compete with newbie buyers.. that's why my pipe lines are pretty much all OREO type realtors and we know when they send us something we are getting someone who knows how to transact on our side.. 99% of the time the property can actually be sold.. no daisy chains.. hate that stuff etc etc..I am sure there are great wholesalers out there I fund enough deals weekly and I see many on the huds making there money.. but really they are just real estate agents and most doing it totally illegally..

That's quite an insane chain of events.

My company has plans to just this and becoming vertically integrated in every possible facet of the revenue chain.