I know it a hot issu, but I think I'll be alright Best,JTM Joshua - I appreciate you sharing the insights.

Any insights would be awesome!

We've exchanged emails about terms and conditions and the application form he sent me was very questionable!

How is money exchanged?

Anyone have any insight on this?

Once you do you can bring it to another wholesaler in your area and see if they'd go in with you in exchange for guiding you through the parts you're unclear on.

Some numbers for your perusal:Purchase price: 70kLand value plus shop 35kMoney this house could easily eat before all is said and done in fixing it $70KValue if we poured $70K into this house  $120-130K todayValue as-is  $55KRent the house could fetch if we dropped $5K into it  $800/moExisting mortgage $622/month pitiCould refinance to a piti of $500/monthI ran a scenario where, if I dropped $10k to stabilize the condition of the house and $25k to convert the garage to a studio apartment (rent for $300), it would be around 10 years before I could break even.Thanks for any advice or insight you can offer as you play the what-if game with me.

That insight has certainly changed my perspective.

Lots of insight. 

Any insight or advice would be appreciated and would like to hear what you with more knowledge in this matter would do,