I've done this numerous times and it is usually fine.

While living there I decide to perform numerous upgrades and increase the value of the property.

I am 24 and have numerous flips under my belt.

I suspect it does cut out low net worth investors from investing at all, which is the likely intent, as you noted.Looks like at some point, I’m going to have to drop another $200 (i.e. ½ hour) with my attorney – the real winner here.JeffThanks for the explanation about the 10% per TD, and that investing one's net worth is still possible.

We've done numerous of these this year.

I have sent numerous letter I have not gotten a reply as yet its only been 10-13 days since they were mailed so that probably why.

Thanks Steve Babiak for the explanation of 'get ready' cost should go to the cost base.

The agent bringing the deals should do just that, bring deals and you should have as many of them as possible.For the rest, I agree with Karen, honesty is the best policy and in my explanations above, it is all true.

People that wholesale successfully have numerous of tools under their belt that help them become successful at it.

Until 6 months ago I was driving through Euclid Ave and all the other streets numerous times per day.The experience that I have had with properties in these C class areas is that 2 bed 1 bath homes should be rented between $500 - $550pm and 3 bed, 1 bath homes $600 - $650pm.The tenants in these areas live month to month.