Learn how to run comps and analyze deals the best you can (search on the BP blog for 65% rule for wholesalers) and then when you think one might be a good deal, bring it to the investor who has agreed to purchase the property, and ask him to confirm your comps and give you feedback.10.

Hey @Michael Abate at first sight it doesn't pass the 2% rule when it comes to Buy and Holds.  

Chances are she will remain too ill to move and if she does improve enough to consider it, the cold will likely deter her.

Were you able to keep it inside the 50% rule?

@Wayne Brooks  with my commercial banks rule of thumb is anyone with 20% or greater needs to be underwritten and qualified and any PG's that the bank may require is signed by anyone with 20% or more ownership interest.I am not an expert of public financing guidelines like this.. good mortgage broker should be able to figure it out..

They also have various home improvements (replacement windows, repairs to rotted truss in roof, bracing, new decking and shingles in the area among other things) that have no permits.

Thank you Ayodeji I certainly do read and listen to as much as I can on all topics related to investing, real estate, negotiations, self improvement... and continue to learn every day!

I'm sure you have checked with your HOA rules about potential rentals.Based on your post, I'm leaning towards you cashing out and refiing your current condo property to invest, but there are probably some other ideas out there that might be more advantageous to you in growing wealth in real estate.I think if you posted this question in general real estate investing, you would have gotten more replies. :) Either way, good luck.

I am part of a brokerage as well so I have to abide by their rules and take into account the money that I have to pay in there also.  

We didn't know what we were getting into at the time, and now find ourselves having to complete a Management Improvement and Operating (MIO) Plan..