Don't worry about the repair costs during this exercise unless you're doing rehabs (you can make an educated guess for practicing - it's fun to see how it changes your numbers).

I was trying to get as much information as possible to give an educated reason for not going forward with this deal.

Call the police for bomb disposal now, I'd explain that it's been disclosed, it is a public safety issue.

I might not be the easiest thing to figure out as he is renting the house and might not have his name listed in as many public records.

, and Audio versions of Real Estate Books on the way to and from work to utilize that time for your education.2.

Thank you to those who responded so far.Tony: I'm very new so all I've been focusing on so far is traditional wholesaling and wholesaling lease options.Im getting the feeling that I should stay here for a while and educate myself more on all the different ways to profit in REI before making a move.

I do try to actually talk to the owner and try to verify in public records that ownership matches up.

Or am I just wasting my time with this niche since these lists of vacant properties with code violations is all public information and higher level investors have already gotten their hands on these lists and marketed to the owners the minute they become available.

You can't learn to swim by watching a video or reading a book, you've got to jump in, splash around, swallow some water and sink to the bottom a couple times before you figure it out.When I take a lump in life that costs me time or money, I tell myself I just paid for some education that you can't get from a college course or a guru, because I know I won't be repeating that mistake again.

My guess would be this is really an ad for some sort of education.