The scenario described in the article is obviously a scam, and if someone reads this and is approached with a subject to or a lease-option, it may raise a mental red flag.Just wondering how wholesalers deal with this issue...

When the economy started slowing down I moved back into software development (less overhead, less red tape, etc).

I'm not trying to rock the boat here, as you are extremely helpful with all of your posts every day, but I didn't want an inexperienced person to thinking needed to do all of these things.

They will see on the HUD, but why raise a red flag.

Complete kitchen, two complete baths plus a new one, move a staircase (a huge project by itself) and re-rock (tape and paint) half the house?

Huge red flag...

Get comps from the MLS one way or another, Red Fin does a decent job in most of the major metro areas at pulling comps from the MLS, but its not perfect.

At your early stage in investing, this may be the wisest suggestion.Cracks are huge red flags that problems exist.

Have a rock solid determination of the investment and holding costs.

@Bryan L. we tore out the most damage sheet rock and plaster on the first floor but the upstairs is cleaning up nicely. found some melted wires where we did not expect them and are still working on it.