It's the 2nd rule of my 10 Rules of Successful Real Estate Investing.Continued success! 

The other part of wholesaling that is a possible red flag is Equity Stripping, AKA Illegal Flipping, this was heavily regulated till a few years ago by lenders, especially M.I. companies, they have relaxed the rules, but was a problem pre and post crash. seeing the increase in this activity seems eerily familiar,  like 2007 all over again. just be careful especially with your license, Disclose Early, Often, and in Writing, My license is too valuable to me to be involved in this type of transaction, so i steer clear. if my entity is on the contract, I am the one closing. period. 

Although there are still challenges (as with most older towns) things have been steadily improving for many years now - most residents love the place and are excited about the many amenities & general direction of the area.I would love to find a local wholesaler or other sources of good deals - any suggestions on where to look? 

Sounds like you have lots of room to improve cash flows though.

Plans vary so check with your administrator on your plan's rules, but common rules are that you pay the loan back over 5 years with interest.  

LOL.I have 2 rules of thumb.  1.

I know 18% is safe in Texas and Oklahoma.The dodd frank rules that only apply to homeowners or people buying for their primary residence, not investors, are alot stricter than the usury laws from the state itself.

Is there a rule of thumb i should be using like 10% for a traditional management fee? 

Anybody had experience with this product? I've read all the other forums about the Allure and other vinyl products but nothing came up about this particular brand Wellmade. Costco has it currently at $1.50 per square...

. $1200 for 3 month term                $160K Property Value (incl. improvements), $300K LimitQuote 2 - Builders Renovation Policy from Lloyd's of London. $917 for 3 month term                $80K - Property, $300K Liability, $1K deductibleBoth seem very high and I can't even use quote 2 because I am not using a licensed GC.