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View report*This link comes directly from our calculators, based on information input by the member who posted.

I have very similar views to @Scott TrenchI'm a buy and hold rental investor with a goal of buying 1 to 2 properties a year until I get to $20,000/mo in gross rents.My financial plan is simple and I divide it into different categories:6 months of personal living expenses as cash in the bank.

Do you think tenants view the landlord as a person or a business?

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I recently viewed a 1BD, 1B/1BD, 1B duplex that's not in the best part of town, but the price was enticing because I could survive if I can't find a tenant or the unit becomes vacant.

It is my understanding that the borrower gets a risk rating and each loan gets a risk rating and certain events can cause you or the loan be moved into a more or less riskier category and that that could impact how your loan is viewed and treated by the bank.When I asked questions, I kind of got the impression that the risk evaluation and underwriting criteria were confidential and not generally disclosed.

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Just reply stating the place is in the same condition as it was when they viewed it and everything is in working order. 

First, you obviously won’t be able to close as fast (and fast closings are usually something wholesalers promote about themselves).However, if that’s not an issue, the other thing to be aware of is that your wholesaling fee is not going to be considered part of the purchase price and the buyer is likely going to have to come out of pocket for that.For example, if you negotiate a sales price of $180k with the seller, and then turn around and add a $20k wholesale fee and offer it to your end buyer for $200k, the buyer’s lender is still going to view the purchase price as $180k and base the LTV they loan at off that number.