A lot of wholesalers don't bother to learn this part of the business, but if you want to make yourself an outstanding wholesaler, you will learn it. 

South Florida has an outstanding reputation for fraud, and if you want to maintain that you've got to get more creative than this!  

You did not pay your rent on-time therefor (being it a breach of your contract via your lease) you are responsible for the outstanding rent balance plus any additional late fees in which should be described in your lease terms.Regarding the mold- You stated a specialist has inspected the property and have found levels of mold requiring remediation.

Remember location is key, especially if you want to attract solid tenants into the future.Also, if I remember correctly it's a probate property with a special remark that the sale is contingent on settling outstanding liens....depending on the lien amount, the actual cost of acquiring the property may be much more than the list price (plus the time needed to get it out of probate).Thanks,Shonda

If you cancel a card that has been paid down, you are just lowering your overall limit, so this would not be good (except maybe if you don't owe on any other debts - unlikely).One thing that I hear has been happening is that folks are having their credit card limit lowered, while they have an outstanding balance, and then that balance with respect to the new limit exceeds 50% of available creidt.

(Takes care of any outstanding drafts and the hold harmless takes care any held and not cleared, if any that the seller may have overlooked.You'll need a change of Officers and Directors form from the Secretary of State to change the Members of the LLC and a Removal of Officers and Directors for the old members.

Generating a 10% cash on cash return is good, 20% would be outstanding.

What is the least expensive way to determine if there are any outstanding liens ect that would prevent a clear transfer 0f title?

You can also get some outstanding terms, like 4% interest only for 5 years, which is what we got open this property.  

From what we understand, since $185k is short of the amount outstanding, that would constitute a short sale and all proceeds would go to the bank.I am wondering: is there an opportunity here?