For example, they can finance up to 70% of the ARV meaning, if you have a perfect 70% deal (purchase price and rehab are withing 70%) they will cover those cost for you.you will still incur closing cost, taxes, and insurance cost though for example.True 100% financing (ZERO out of pocket) typically requires solid relationships with private lenders or a combination of hard money lender and private lenders.

The lease states that the tenants are responsible for the full unit rent regardless of the number (in the event one tenants moves out before the lease ending date).  

I tried to reach out on the 16th to see if they were going to have the rent ready on the 18th but never got a response. 

That's solid advice Melanie - thank you!

Wholesalers do not have a legal fiduciary duty to buyers to disclose all or even correct data to buyers so a lot of the information that you will need to obtain about a property will be your responsibility.

Definitely soak up all you can from your mentor and keep pushing with wholesaling—it’s a solid start.

For the most part (particularly Fort Lauderdale and Miami) requires permits and inspections of your str. if you operate it without having the permit you can get heavy fines and get shut off.

Cash flow is a little bit more difficult to find right now, but appreciation is solid.

Thank you all very much for your time and responses - I am definitely smarter on this topic!

However, liability issues came up about a Canadian owning US property outside of an LLC , but also the heavy taxation of an LLC for a Canadian.