Do what you need to do and bill me.On top of that I have a vacancy in one of my condos which I thankfully took a deposit for Tuesday.The good news was I had money set aside for the ac unit and I was able to cover the roof with cash generated from my rentals. 

Hello still experimenting with this process of wholesaling and trying to find houses that would be a good fit for a local investor, so with that in mind I'm trying to find flipper uppers that will generate at least a 15% return for a flipper.

I had to actually only do one at a time due to $ restraints in my situation.My initials thoughts were to be able to either back out of the deal or renegotiate, but having that set amount already in the contract, sounds like it'll be less headache.

My main goal (initially) is to be my own agent to buy and sell investment properties.

I would initially like to start in wholesaling and work up the latter after mastering each niche on the way.

Along the way I check for cash flow, here I deduct all expenses and projections including cost of capital, vacancy, maintenance, PM, capital expenses, from the total income; the remainder is the free cash generated by the investment.

The manager role of the LLC can be passed on to your heirs to insure that the next generation can repeat the process. 

I imagine the loan amount is what is causing you initial stumbling blocks. $50K is the minimum criteria on the lower side with most lenders.

Additionally, there are some grant programs to cover the initial cost. 

This way you wouldn't need to share living space with your tenants and you'd generate more income.