So there are added risks with them that are not present with your standard REO purchase.I think those terms tend to scare away your average non-investor buyer.I think they have a sample contract on their site. 

Vapor barrier is ok as long as you realize that is what it is.

So even if you pick a state with stronger protections like WY or NV, the cause of action arose in the state where the tenant fell, so likely that the court where the accident happened would have jurisdiction.California tends to have more laws on the books and requirements and restrictions that it can be a good idea to form a CA LLC for out of state property so that you as a CA resident are covered, and to try to have your contracts fall under the purview of CA courts.

They've also been through merger after merger and they know that as soon as a bank doesn't need them any more, they tend to be laid off.

Their neighborhood research is exceptional and they also tend to find an almost hot spot before it's hot.

People buying lists guess what hundreds to thousands of others are also usually buying the same list so they tend to be worthless lots of times.If you want to be a wholesaler you might do better to be a real estate agent.

When you add in things like rewiring, replumbing, roof replacement, HVAC replacement, siding replacement, replacing all windows/doors, replacing cabinets, replacing tubs/showers, etc, things tend to get much more expensive, even in lower-cost rehabs and areas where labor is cheap.Personally, I'd use $15/sf for a full interior cosmetic rehab, but for a *full rehab* (including all the stuff listed above), my numbers are closer to $30/sf.That said, as a rehabber, you probably want to be much more precise than just a price per square foot...as a wholesaler, this *may* be good enough, but it's still important to know when a rehab will be $15/sf versus $20/sf...on a 2000 sf rehab, that's a difference of $10K.

Could be optimized mOre for mobile viewing, but I think the general structure of the main site should be tended to first.

It takes longer, but it usually tends to turn out better for the borrower anyway.

People trying to do business tend to introduce themselves with a name.