At this point, you move into the blue chips and large dividend payers, utility companies, oil & gas, REITS, etc.  

We drove the neighborhoods (probably 50 hours, 5 tanks of gas at a cost of ~$200, and some really cranky kids.)

I'm not advocating high fees, I very rarely charge late fees at all, but I'm not at all certain applying rent control guidelines for 5U and over properties is valid.

It's not so easy as they make it seem though or maybe it's just my thinking, but...After attempting some drive around, going through dozens of properties online, offline, exploring market prices, court auctions,  talking to people, trying to learn the game, learning how to find leads, utilizing BP, going to local Real estate meet ups, etc, I quickly realized that wholesaling takes A LOT OF TIME to find one good 'right' property and the expense to find properties also adds up with marketing, gas, vehicle wear and tear, etc.

Does the ability to obtain an unconventional loan and prequalify due to good enough credit make the cash buyer claim valid (excusable).

Things to note:*New roof was just put on this year*Brand new central HVAC installed for all units*Seller financing is not available as owner has a mortgage*In a fantastic locationASKING PRICE: $472kOwner purchased 2006 for $415kLandscaping Service - $70 per month - $840 / yr Garbage - $400 per qtr - $1,600 / yr Gas - $60 per month - $720 / yr Electric - $65 per month - $780 / yr Water - $115 per month / $1,380 / yr Pest control - $125 per qtr - $500 / yr (Total up to this point = $5,820) Taxes - $6300 per yr Insurance - $3800 per yr Maintenance - $1500 per yr (Total up to this point = $11,600) Overall Total of expenses = $17,420 a year.

I have a three unit buy and hold property in Malden Massachusetts that has a separate gas fuel forced hot water boiler for each unit.

@Joe Villeneuve Valid points!

This gives a very valid reason for the state to put an end to these people.

Not good when that person is a stranger and it just never works out if you want to finance, sell, rent, etc.People will tell you that faxed signatures are just as valid.