The ones that fit into #2 have probably had bad experiences with wholesalers who:- Were just tire-kickers and never made offers;- Made offers but often backed out of deals;- Tried to get the seller to lower the price after a contract was executed;- Made closings difficult with needing to double-close or some other non-standard transaction.I recognize there are some very good, very ethical and very successful wholesalers out there, but they are a very small minority of the total group of people who call themselves wholesalers.

I understand the property classes, but it seems like everyone has different grading standards.

Worse, you can't benefit from depreciation deductions that can lower your personal tax liability.

Proof enough was in the escrow I was holding.I get the gist from all the talk out there on the web that the POF is standard practice.Maybe this is a local thing?

You would need a standard business loan under the LLC.

As long as it cash flows to your standards, that is.

That increases costs versus standard demolition.

Especially if some of your standard deductions and shelters are phased out because of a healthier income?

I thought it was weird at first, but seems standard these days.

I have never lowered my standard.