Wholesaling is definitely a learning process, but here are a few tips to help:1.Build a reliable list of cash buyers.2.Research the areas you want to focus on.3.Get comfortable with contracts and paperwork.4.Focus on negotiating great deals with sellers.5.Stay organized and keep track of your leads.6. 

Often times foundation issues can be worse than expected once contracts start working on the repairs.

If something has only a 1 in 2 chance of occurring but returns 10x if it occurs, that is typically a good investment.My last purchase (not the one I am currently under contract but last purchase) was large negative cash flow at aquisition.  

I have a MHP now under contract that has lots of nuestros compadres living there. 

It can be a simple one page contract b/w you too at an agreed upon rate.

The contract says - RESIDENT shall be responsible for disposing of items of such size and nature as are not normally acceptable by the garbage hauler.2.

Both tenants moved out while I was under contract to purchase.

Its generally retail medical operators, so we include things like the market dynamics for our use and why statistically the market and location of the site will be viable form a business case standpoint, and speak to how the startup has enlisted the help of an EMR or other such consultant to help in their general rampup and ability to bill/get insurance contracts.  

Quote from @Michell Chase: The signed contract states a deposit was collected, so I would make that part of your purchase agreement.

Backstory: 22 years old about to get out of military after first contract. 70k cash saved up & 775 credit score, no debt.