Once the math is done (including the last condo I have U/C), I should be able to count on $4,500 per month of cash flow after my average expenses and 5% vacancy.

Probably some kind of half baked idea of protection from “bad tenants” to be used as a last resort.Once u have an accepted tenant, send them the info (that part makes sense) and just go ahead or plan around the 14 day notice.

U could start getting into it and realize a beam is sagging or about to snap.

OHIO FLA  OREGON are tough states for this.. some states do not care just depends on where your at.I think the bigger issue for the OP is his area of DC is red HOT and the REALITY of getting someone to sell someone a home that does not have POF and bank letters etc is going to be slim and none.. you need to work the rough areas  of DC to make that happen.. those are where wholesaling works best or in any low value asset market that is not covered by the real estate community becasue the value of the assets are so low commission income is not worth their time.. thats not to say you can't stumble into a deal you can.. but those that do wholesaling and actually make money when you talk to them they are spending 5 to 10k a month on marketing.. and you need to risk that for the first year with no guarantee your going to close anything.. would you do that would U pop out 5 to 10k a month on the come?.

Omar if u would like to connect 

"I'm not gonna sell u my deal Mr.

U GO BOY!

We explain all day long how this investment will bring positive cashflow every month ....but rejected...u recommend private lenders besides the bank?

you mean your girlfriend and business will suck u dry lol . but i have been trying to find information on the buying homes with out using your own money and cant really find any maybe u could point me in the right direction.

**My friends niece is realtor=full comps**Digital Pics - Full interior / exterior PicsU get the idea...The more you do for the investor the more u can get $$.It things they will have to do eventually anyway.Some investors are stingy and greedy and don’t want to pay so gather your list (of investors) ahead of time and isolate into groups or categories…It’s important to send your properties to the right people first.One last idea I got from Washington Real Estate Mogul (Joe Kaiser) was called "Pre-Habbing".