Also there is a laundry room that he currently doesn’t charge for, I’ll be adding coin op laundry and charging a small amount. 

With this additional debt added, it could break the deal, and the seller will let the property go to auction. 

If you have more time then money don't forget your craigslist ads, and that dialing for dollars is a quick way to get in touch with homeowners.Best of luck finding your next deal!

Hello, I'm just getting started with some wholesaling and have a question about Facebook advertising, not in paid ads, but in posting inside certain Facebook groups.Does anyone have experience with this as a lead source?

We did an awning over a basement that flooded   Added parking.  

in my area i'm looking at a cheap foreclosed lot with a burned out house needing removal. coincidentally I just saw an ad for low (ish) priced custom houses, available for 0 down if you have land.the way I see it, it's just finding numbers that work (thank you Bigger Pockets) can I get the land cheap?

This is an opportunistic strategy with a lot of moving pieces and the riskiest of all investment strategies in the real estate universe (the safer ones being core, core plus and value-added).

Advertising costs alone can run in the hundreds a month for a single unit; StreetEasy now charges $3/ad/day; that's $90/month for one ad only!

1) at $23k there isn't a lot of room to negotiate down especially since there are closing costs and the seller has to move, so I'm not surprised they won't go down. 2) from the description it sounds like it needs a lot of work and adding a closet (literally just some studs, drywall and a door) is not going to cost much if you do it while you are tearing up, replacing and fixing up everything else.Are you sure the issue isn't just that it's your first and you are getting nervous? 

I can't increase rent by rehab/adding living space.