PROACTIVELY Structure the deal.HOLD the property, refi and take out cash repeatedly if you need it and current lending rules allow ( that option cycles about every 5 years!)

@Louis Muse I've done about 40-50 wholesale deals last few years, and I use Jim Fitzgibbons in Silver Spring MD for MD and DC and Ted Hussar in Annandale VA for VAPlease also add me to your buyers list.

My suggestion is to estimate $50 a month.  

Still, it might be worthwhile to bid on the property if all the liens that stay and the winning bid add up to no more than 50% of the FMV before fix up.  

I toyed with the idea of wholesaling, but I couldn't coordinate the 50+/day follow-up phone calls with my day job.I have about $40k in cash, so I'll be seeking hardmoney lenders and wholesalers in the area.

Keep in mind local rules apply.

But I've never been a big believer in following arbitrary rules. :) I can get away with it in my own house, on a flip or rental I wouldn't try it. 

Both my agent and I learn along the way, we looked at more than 50 properties.

The grief that he had to go thru.My number one rule is I don't rent to friends or family.

The realtor just told me we need 50% down.