and game plan it....with your background and connections in your last 15 years - you have an advantage most newbies don't...learn to monetize your network....God blessMichael Rae

Now I'm thinking, is there anything that can be done to monetize at least a little something this deal?

As you go along and become an expert in your niche, you'll find other ways to exploit your niche and ramp up your profits thus your "passive income" acquisitions.I should note that I don't believe managing 100 properties or how many ever it may take to meet your 20k/mo net income goal is ever considered "passive income".2.)

You need to be doing more than just wholesaling to monetize leads and make a good profit.2) We teach that you meet every seller - face to face - if possible.  

People that create a model like that are able to monetize about 1 in 6 leads.And "wholesaling" is really nothing more than the MARKETING PORTION of the REI process - finding motivated sellers, and that starts with LEADS.  

If owner is corporate, such as a bank or entity other than a natural person, probably not going to get very far.Interests - sometimes there are multiple owners (or heirs) and each may have own agendaOpportunity - what plans do you have to monetize this property?

Of course, you're unlikely to get feedback from their results here or elsewhere.This is really academic since the only response that matters are from people who you end up monetizing.

I have found that "good wholesalers" do not actually exist (unicorn style).In my opinion, the business model of wholesalers (get under contract and assign for a quick payoff) is not the max way to monetize the ability to find a good deal.I wholesaled my first property I found via direct mail and the second we closed I realized I just gave away (literally gave away) 20k.So I quickly found a better way to monetize the properties I found.I believe wholesalers only exist until they find a better way (usually requires a little capital/connections) to monetize the deals (like means to an end).For example, after my first wholesale transaction, I made 9k and my buyer bought a property worth 95k for 72k.Who in the heck would not buy that!!

The pro forma they provided said I'd make $654/mo net income.  

I have a target of at least $300/mo net cash flow.