@Saman Jafari the 2% rule has been dead in every city I look at since at least 2014.

We have a excellent tenants now who came to look at a property in the dead of winter, 2 years ago.

"Asset protection", like vitamins and the special mud from the bottom of the Dead Sea that claims to make my wife's face smoother, can be and many times are oversold.

He's dead now but for years he would call me with 'deals' like this.  

wow, this is crazy. so sorry for you and the dead passengers.check with your insurance, but most have a "rent loss" and "event placement" meaning they cover hotel costs until it's repaired.actual building does not have much damage though. you are lucky the steps took most of the blow.

@Andrew Kniffin is dead on.

They have a lot of dead equity in the properties versus getting small rents.They can take this money usually 1031 proceeds of 1 to 3 million and exchange into another state with 25% down and land an 8 cap on a quality asset.

Now he's out after his third time but, hopefully, only for a short time because, it appears, he's cashed out/hidden at least 300K of his now dead mothers CD's while he was "caring" for her in her final days.And that's why I won't ever rent to a felon again.Gail

Kaivan Entezarmahdi,Everything you just wrote about this wholesale deals stinks like dead fish.If your friend was a real wholesaler and flipper he wouldn't need you at all because wholesaling doesn't require earnest money actually being wired into escrow at all.If he actually knew what he was doing,he would have already obtained a long list of confirmed cash buyers who would be seriously interested in the property and contacted them to make sure they have enough cash available to pay him and assign the contract to them before the 72 hour window to fund escrow with earnest money expires in California.He would actually profit around 10k to 20k,not 125k for 3 days work without a dime ever leaving his pocket.I'm sorry but it sounds like he doesn't know the business or is trying to pull off something with your 60k in his pockets.I would seriously question him and his methods and previous successful transactions (if any) before plunking down a penny.Be Careful With Your Cash!!!

I have a tenant that was dead for two months and I now have to try to clean the smell!