Question from the other side, appreciate your help:House owner was trying to sell his house but didn't get good offers so he rented it out to me, we signed a lease and I gave him the security deposit.Later before move-in, the owner said the house was in a contingent sale which the owner cancelled but the buyer didn't and the buyer fulfilled his conditions and he wants to move forward with the saleWhat are my options as a tenant, move in date not reached yet and owner saying sorry go find another place to rent?

@Andrew DeWeerd I found a few none offered really what I was looking for so a friend and I are starting one we are just trying to gauge interest!

Welcome to the real estate industry, and congratulations on starting your wholesaling adventure.This journey will be both challenging and rewarding, offering you countless opportunities to learn and grow.

From there you'll need to determine Debt Service (if it's a financed deal) and Capital Expenses, to then calculate Cash Flow.The Cash-on-Cash Return (CoCR) will just be Cash Flow divided by the All-In Investment (Purchase Price + Renovations + Closing Costs + Wholesale Fee).If you're wholesaling these deals, I recommend you aim to offer your buyers a Cash Flow of no less than $250/mo and a CoCR of 10% or higher.

The offer I received is a 9% interest rate on a 5-year term, resulting in a monthly payment of $726.

Typically, when I offer to have my handyman come by to do it, they get excited about that.

I'm wondering if the insurance costs are hiking up the expenses.

Analyze properties, submit offers, and close on the deal. 

I just watched a Seeing Green episode where David spoke about his loan company offering loans with the price of the land you're going to be building on as collateral.

There is likely a phone number and persons name that will come up, that you can reference, since he is having bills that arrive to the mailbox and packages to the door with his name on them.You could make it a pre-condition to the seller that he allow a background check on the tenant before closing and your offer is contingent on your approval.Neighbors typically know what's going on in the neighborhood and will know who the guy is and if he is a trouble maker.He probably has a car and a private detective can run the plates.And so on.The information is readily available is the knowledge is worth knowing.