I love the wholesaling business model, am a huge proponent of it (as you can probably tell), and like to stick up for people getting started in it that are newbies and are being bullied by the big bad agents and brokers on here. ;)

Making a possibly good investment become a bad investment.

We are planning on doing a major remodel this winter during the off-season as the house looks and shows fairly ok but it is not something I would want to spend more than a week in as it needs a remodel badly.

Senior guy or gal gets 20k plus and guy at bottom junior agent might get 8k or so.The listing brokerages tend to only push their inventory to sell whether good,mediocre, or bad deals.

But then, I don't really know any really 'rich' people to personally know what they do or do not do.I know many rich people use corporations, which shields them from personal liability when debts go bad.

Do not feel too bad as this site is full of hobby landlords that know nothing about operating this business.

@Caleb Anderson doesn’t look too bad if your expenses are right.  

Both are usually a bad idea

@Hark TukaySo your tenant knowingly wrote a bad check.  

It is a good balance of the bad issues that we try to help with on here.