For this exercise lets choose Bakersfield.

All rights, powers, options or remedies afforded to Buyer either hereunder or by law shall be cumulative and not alternative and the exercise of one right, power, option or remedy shall not bar other rights, powers, options or remedies allowed herein or by law.

Originally posted by @Dave Poles:This 5-6 hour exercise proved to be too daunting for me as I have both a business and part time job.

So lets assume for a second that there is that loan out there at is a performing rate lower then current rate and the lender does exercise their right to call...I wont buy and transfer title which I have control unless I see at the minimum 25% equity or 52k which ever is greater...

@Michael Quarles  OK mike for a test run here...maybe we can do this as a live exercise for BP and let those interested shadow or follow...

You will definitely learn a lot from this exercise and I recommend all new investors do it.

I, in an effort to get out of constant, repeated field exercises in the infantry of the army's 82nd, I volunteered for mail clerk school.

Any right to buy-out or compel sale of the property shall be exercised as set forth below.1.

Someone could give a point of view for a real exercise of wholesale ..There is a property that is not for sale but this deteriorated in an area where rehaber would find an opportunity.The property is in an area, which is also a thriving market for such business ..The property was spoken and agreed on a price before the inspection ...The investor and final buyer is at hand ...The day of the inspection costs will be determinedrepair and be given a final offer, putting theproperty under contract.the roll here would be ..controlling the property and then assign this to an end buyer.

Predicting the future based on the past is an exercise in futility.Also this topic has been discussed ad-nauseam on the forums.