Patrick Donovan 203k loans are great but essentially you are taking the equity out of the house and using some of that to repair your house. lol it's always a catch to something that's too good to be true......I found this out recently as I thought it was just money from a large sum of money the government gives out.

At least, in my world, when wholesaling, I'm mostly meeting  homeowners on a Saturday or Sunday at a house they own but do not live in and taking them away from their day off so my goal is to get in and out as fast as possible while building trust, asking questions, taking photos of every room, from every angle, as well as outside, and trying to make notes on my repair checklist in under an hour (2 at the absolute most), So, what I'm looking for is a ball park estimate to multiply square footage by in 2 categories - Exterior and Interior. 

I've asked for photos. 

Additionally, if for some reason we only hit 7% in one year, then the following year the preferred hurdle is now 9%, so there is a catch up provision again favoring the investor.2) There are many "club" deals where the sponsor is limited based on club rules to 20% split fees.

Saw the ads on TV today for Scott Yancey (Flipping Vegas) bringing his travelling show to the Chicago area next week.This time, though, he's saying that his people will put up the money for the deals and split profits 5% to them, 95% to you.Now, y'know I GOTTA go see their shtick just find out what the catch is ...

But since he also likes to watch videos and movies, perhaps sending him video clips on REI occasionally would catch his interest.

Only catch I see is that you better be real sure of your comps in the neighborhood.

You should definitely catch it.We are going to discuss flipping and the pros and cons in Elk Grove, West Sacramento, Oak Park and Del Paso Heights at the Summit at the Guild, March 18th.

I read the article wrong, thanks for catching that.

The catch as you said would be to try and find something matching the criteria.