Once you take over the cabin there will be other unexpected items you will need to purchase no matter if the cabin is new or old.  

No I didn't install a foam backer rod, wasn't aware of this item, thanks for the tip :)Floor was very clean but not perfectly level as the house is over 100 years old. 

Wholesaling is NOT investing.Wholesaling is a business.Wholesaling requires you to continuelly get new leads, sell contracts to buyers, repeat.Once you stop getting leads or finding buyers, there is no more money coming in.Sure, you can get food and automate certain things but it is a business.In my opinion, you should look at what you do in your profession and see if you can moonlight some hours to make more money that will go towards the downpayment.Best of luck

IRS Publication 590 is a good resource to examine these items as well. 

I look at every single item in the pro forma and imagine that it is complete BS, and see if I can challenge it.

Just some food for thought for those who invest in mortgage notes and think buying seconds cheap gets you in the business at a low barrier to entry  - it is cheap until you have to reinstate or payoff a first lien.

Just food for thought. 

Best exercise is going on a job site and working with a contractor line item on pricing.  

He also noted other miscellaneous items for us to do also, and it seems like he's making a wish list. 

I’ve given food to hungry people, I’ve given the shirt off my back to an old naked woman, I've bought shoes for kids, built a school for aboriginal tribal families in the mountains, and handed out toothbrushes.