@Zak Kazanski, I don't really get that sophisticated with my research.

This is for small projects that could be completed within a day or two, so no need for contractor draws for them to make payroll or whatever else.Kama Ward, I would say your retaining wall problem was either VERY small or you got extremely LUCKY!

Yes, that's wrong, but the bank is the real issue - they had a loan officer, underwriter & loan processor at a minimum who were on the payroll getting paid to make sure these loans were compliant.

I've found the only thing a wholesaler should be concerned about is making sure the deal is actually a deal and getting word out there to as many investors as you can because in the end, sophisticated investors have their own criteria for buying and do not need to be "sold."

Then they replaced those upper end good for nothing payroll sucking tax dodgers with new lower wage earners that could move up to the 47%LOL!

Big goals, small steps.I've read my books on the subject (20-25) and I feel confident that my analysis tools are getting more sophisticated and more accurate.

The learning curves are different due to the difference in collateral and borrower sophistication.

He said from the managing company he will then create a payroll check for me (W2).

Usually sophisticated investors who try to take advantage of newbies will offer to do installments.

More importantly your buyer is at all sophisticated they should want a full title search and probably title insurance.