This also may be a good way to get an in working for someone with more experience since being a new wholesaler who doesn't even know where to start makes it very hard to start.Also, don't start telling people you are a wholesaler before you have marketing going out, a small buyer's list, and at least one property locked up because everyone wants to be a wholesaler, but it's not actionable until you are in the game.

This absorbs consumables and breakage for me. 

This is a great place to learn and to connect with people so take advantage of all the great resources.

I'd rather no toilet than the opposite worse-case scenario.People need to be informed of the risks.  

How did you find this deal and how did you negotiate it?

Purchase price: $100,000 Cash invested: $30,000Property is valued around $315kForeclosure purchased from bankNo renovations since 1978What made you interested in investing in this type of deal?

I'm just getting started out in this area and would appreciate any suggestions or advice.

Hi Dave--- I'd like to add to this too.

Is this someone who is famililar with tax sale foreclosures?

A good indicator of this would be analyzing the HUD Fair Market Rents year over year.