I recently had a wholesale deal get quite interesting a few weeks ago so I figured I would try and are with everyone the backstory and the mistakes and lessons I learned so you can try and avoid them in the future.I got a good call from a prospect in Westchester County, NY and I contracted the house sight unseen from my house in California.

Most of my rentals on 12 month terms but if someone wants to sign a longer term (2 or more years), they can lock in the rent and it won't go up.On the other hand, if I get a good tenant and they complain about the 3% increase when its time to renew, I may waive the increase to avoid looking for a new tenant.As the property owner you have the right to set the rent to whatever you want.

Encourage them to provide candidates so they can do the leg work to reduce their costs ...If they have a job and good credit then they'll want to to avoid trashing the place and a small claims judgment.

I am in the middle of 2 simultaneous contract, let's call it 1 and 2. 1 was a contracted signed a while ago, but closing has been delayed. We expect to close next week.In between I signed a contract for another proper...

Furthermore, do that kind of thing and you're quickly going to get a reputation as someone to avoid doing business with.I think the only course is to try and beat the other offer.

With a void tax sale, you are not allowed to take possession, do not get paid for improvements, and cannot keep any rents you collect.

But, do try to avoid cutting the sidewalk if you can.

Could do cash-out refi but would much prefer to do a HELOC to avoid paying fees on money not used.  

The rehabs also tend to be in low rent areas, so have to be careful with the numbers to avoid overspending.

If the ARV goes up then doesn’t also the equity amount of 20-25% go up to avoid PMI?