Don't over think the calculations, but don't miss any details either.Scott W, all those incidentals you listed to be covered by the remaining 3% are covered in the 50% "rule", so is PM fee.

The seller had cut off 10 acres and built a home (my home now, under separate mortgage), and the 10 acre plot was grandfathered in when the county zoning changed the rule that you had to have at least 20 acres to build a house.So the 150 remaining acres is all one piece, not subdivided in any way.I will get an attorney involved so I do this right.

Plus the seller IS motivated.

I would like to thank everyone that contributes to BiggerPockets, alot of the information is very valuable to me, who is just starting out in wholesaling.Because I am just starting out in wholesaling, I don't want to waste my time and I want to start this right by asking the professionals on this website.Finding motivated sellers will not be the issue, but finding good quality properties that buyers are actually looking for will be my priority.

The hardest part is keeping the owner motivated.

-How can I find motivated buyers when I don't even own the property yet?

No one extremely motivated yet, just a matter of time though.

Motivation.You search for motivated sellers.

This only indicates a TREND, and it's positive for BO which makes it bad news for the other team, so attack the source of the numbers and imply it was from a politically motivated ploy by the Whithouse.You can't handle the truth!

If his Dad's monthly retirement income is not sufficient to support his lifestyle with a mortgage payment, then he needs to get the house paid off as quickly as possible.I suggest Dad refinace the remaining balance at 3.2 for 8 years.