But for the first 1 or 2 I think using our own money is the proper strategy. 

It was a basement flood that lack proper waterproofing around the house. 

It takes time for proper accounting. 

To be safe you need proper ventilation .    

The seller has agreed to let me wholesale the property to another buyer, but where can I get my hands on the proper legal purchase and assign contract giving me a time-fame to find a buyer?

The seller has agreed to let me wholesale the property to another buyer, but where can I get my hands on the proper legal purchase and assign contract giving me a time-fame to find a buyer?

Wise shoppers with the proper positioning of financing, are realizing returns of 20-30% net of all fees and expenses.  

I talked to one earlier today that sent me two properities and their arv are not even close, and they have no idea about repairs needed.  

The first two (#1 assumed with purchase of properties, #2 a "friend of a friend") didn't last very long at all due to lack of proper paperwork, lack of responsiveness, etc.#3 is doing well, and has had good success with keeping units occupied.

Extremely motivated residential real estate development manager and investor.ExperienceI have been in construction and real estate industry since 2000.Low cost housing development management and urban renewal projectsOwn four properties (3 rentals);Developed one propertySelf-financed one property Real Estate Goals (in four year cycles)2015 – 2019 period: Double the rental properties owned to 8 properties by 2019Write an operations manual for the business.  2011 – 2015: Double the properties owned to 4 properties by 2015Increase in property investment knowledge Create proper financial tracking and monitoring.Register a property company or trustGet into a property club and property mentorship.Get SA property advisors and connections.2007 – 2015 period: Have two properties by 4th year (done)Gain knowledge in wealth and propertyCurrently Seeking+ Single-family properties around Pretoria with a positive cashflow. + Create a property investment club to develop in estates.