I have had a pretty high rate of break leases because people will decide once they are here they want to buy.

I've had a vacancy for a couple of months, and for the most part, I've turned people away because they've had assaults on their records, or they have a record for breaking into cars, etc.  

(Essentially, a break-even, full-retail deal.)Are you SURE it will cash flow?

Let's break it down into a few key characteristics that I think are important to evaluate in a wholesaler.

Daniel,have to know how the numbers break up, as Kevin was saying, did you include management, electric, gas, lawn care, leasing fees, water and sewer. if you do not hire a property manager are you taking care of managing the property yourself ?

Is there nothing in your lease about breaking the lease?

You can even give yourself catchy name too "Mo money Muhammad"Help and educate others to achieve financial freedom.You won't be breaking the law e.g. wholesaling.

The fact that the 50/50 split was on the original listing (on MLS) I'm wondering if in there counter the seller is breaking the law. p.s. he counter came in the form of an email not in an official contract.

Just because a property is paid for doesn't mean it's for sale, mine aren't.In my area, we have sign ordinances, bandit signs simply show who is will to break laws in their business practices, if they are willing to break those ordinances, what other ordinances or laws are they willing the violate as well.

My goal here is to break even on cash flow the first 3-5 years, with gradual income increases, and enjoy owning a beautiful property in an amazing location, holding it while it increases in value, and any increase in income serves us well over the duration of our ownership.Your thoughts?