I don't know how to go about attracting the customers that would be interested in such a property to take it off my hands or if there is any customers out there.

Your "customers", meaning the people who need the rehab, won't pay any significant percentage of your costs.

also Eric, you're going by general numbers, you'd have to be here to really understand how it is..also there's no way 1 person does 220 deals a month and have a life..hell, most deals take close to 30 days to close..i know i'm sounding like a contrarian but wholesaling is not what the gurus claim it is..which was the basis of the topic in the first place..and once again, i don't think wholesaling is a myth..just a bit of my weird humor on display..

They did state they desired to have the customer bring them short sales to do.

According to me, they do that, because they want to build a relationship with the customers..

To name a few… Things like; DMV records, credit report records, post office records, drivers license records, address used on tax returns, W-2’s, 1099’s, unemployment claims, hunting and fishing licenses, credit card statements, bank statements, insurance of all sorts; home owners, health, life etc., what your friends, family, neighbors, and employer would tell someone asking about where you live.

Also, when buying an existing business, it should be an “Asset” purchase, not asset and liabilities… Ask an attorney for help here… You are simply buying the "stuff" the company owns… Then you form a new entity (Corp, LLC etc) and name it very similar to the old name, so you can retain the customer base.

He also rushed into it really quickly, though, and his inexperience is costing him.I looked at another thread on real estate and got these rates, which apparently are pretty low (not sure what they mean exactly, but i can take a guess).wachovia custom mortgage 30 yr fixed rate on friday was at:5.125 % + 0 + 1.5.250 % + 0 + .5.5.375 % + 0 + 0.What do you guys think is the best way to help me get started?

The title insurance companies are under heavy scrutiny due to the amount of claims being filed.

RE clubs attract BS artists who make outrageous claims of their success and status (to sell you their "educational" products).