This notion works for almost all sales situations.But deals fall out of the funnel or get stuck at every stage of the game.

In reality, they're both about average complexity relative to other businesses.Because of these preconceived notions, people tend to go into wholesaling with the idea that it's going to be quick cash and much easier to succeed than it really is.

^ appreciate your POV, but to challenge your notions a bit.1- I think you're over empasizing the dominance of wall st. jobs; NYC is quite diverse economically; tech, medical, new media, many unique private businesses, etc.2- speaking at least for manhattan and parts of Brooklyn, they are major destinations and are in demand event in slow economy (yes growth is affected, but at least you don't see -40% drops in appreciation like you do in FL, AZ, etc.)

The offering is being made to accredited investors (Sharks) but they want to avoid the notion that they are also pitching the public without full registration.

The notion of causing a DIL is not ill founded, you can get a mortgagee to give a Deed in Lieu of Foreclosure but in many cases do not underestimate how difficult that might be.

OK then both those details would make me stronger in my notion to take the payments because1. sounds like the guy will make good on them2. you can make a lot of good investments on your own in the next 20yrs that will help you end up better off in the long runthat's my 2 cents!

They are not going to fall for the notion that a $43k purchase plus $5k in repairs yields something actually work $80k (because it almost never does, but that is another thread.)Your buyer also won't be getting a USDA, VA or FHA loan, or any state low down payment loan either.So max loan in the area of $32k-$36kSo to sell it to them at $80k, they need more than $40k down.The problem then becomes getting a mortgage for $32k, which is below the minimums at literally every single lender I have found.As Jon said, if you honestly believe it is worth $80k with $5k of rehab, buy it yourself, put the $5k on a credit card, and sell in 6-12 months (depending on seasoning requirements.)

I agree with the notion that military people could settle for mfh's but i personally cant afford multi's in the ghent area or similar high end locations.

I'll second the notion of the general philosophy behind it all.

The word "fee" sets up the notion of fee for service.