@Justin Silverio has an event coming up which is free to attend, and he's always looking for wholesalers as an aside, so he'll jump in and invite you, I'm sure.

I can tell you I would never accept our contingencies from another buyer which include: - Due diligence starts at receipt of bank approval letter- Earnest money due within 7-10 days of receipt of bank approval letter- EM held by our attorney who also must close the transaction (difficult when another attorney is handling the short negotiations but there are ways to structure it where they still get paid and our attorney closes it)- Property is vacant at least 24 hours prior to closingThese contingencies help protect our earnest money in the event values during the time it takes to get approval.  

I know your concern is that you could potentially get one approved and not have the funds to close it but if you structure your contract right you can cover yourself in this event.  

You can find the information on the forum "Events and Happenings"  I'd like to suggest you do a keyword alert for Orange County Meetup, and other terms that are of interest to you, and you will be notified when it's being discussed on the forums.

Time of Event: 09/17/2014 at 07:00PM Location: ROUND TABLE PIZZA, LAKE FOREST Fee to Attend: Free

With our system you don't accept and reject each payment, however you do have settings to block certain payments from being submitted.In the event of an eviction we also have a Payment Status setting in each property where you can set the field to Blocked and that will block the property from accepting any payments.  

Before you move a tenant in, you need to make sure that your give them a list of charges that you are going to charge in the event that do not clean up the property, or there are repairs that are necessary.  

There is a calendar of upcoming events you can look through to see what works for you.  

In any event if you feel you can't trust them I would suggest finding someone else as that is not going to be conducive to a good working relationship.Apparently making your money going into a deal is one of the more difficult parts of RE investing.

If you are buying properties at the end of Q3, you are going to have fewer "eyes" on your rentals; however, by purchasing early in the season (start of Q2), rehabbing and getting it onto the market (whatever you do to find renters) by mid-Q2, you have a lot of prospective tenants.Again, the numbers work or they don't, but if you are getting a great deal in December, make sure that the relative discount covers carry costs in the event you cannot get a wonderful tenant in the first 45-60 days.