They can’t pay full amount of the lease as is, maybe you can enter into an agreement with them to allow you to get first crack at all receipts up to a certain threshold or maybe you take an equity position in the business (just thinking out loud here).

A wholesaler is causing someone to enter into a contract that they have neither the intent nor the ability to perform to.

I haven't attended any of the events since I just entered the world of REI in January, but thank you for posting. 

As long as you run your operation as a mom and pop real estate operation, you’ll pay high interest and forever be scrambling to raise capital.If you formalize your operation and begin operating as a structured business entity, you may be able to enter an arena where you can obtain credit facilities, have capital available for your acquisitions, and have a chance to grow geometrically.This has a downside of course.

If they enter crummy info then you just screened out much more quickly than doing individual showings.

Do i need to study a carreer to enter real estate investing or can i start reading and listening to podcasts to get into it?

Hey All, My knowledge of foreclosure and pre-forclosure is minimal, looking for insight. Back storyA colleague of mine filed bankruptcy on a property in 2015 in Savannah, GA. Bought at 137k market looks like it can s...

@Mike Dusenka I ask them if they are ok with the renovation and if they would be willing to enter into a new lease for an upgraded unit now.  

You should review the power of attorney document to ensure it allows him to enter into such contracts on behalf of the parent. 

Going out to do a bid for a few dollars does not pay the bills and does not usually get them a job, so most (the good ones anyway) will not want to enter into a let's go bid jobs for money scenario.