The letters from “transactional lenders” is of course not a POF, just a loose commitment to lend funds, which again any decent agent will know is useless since it’s only for double closings, if you find another buyer who actually has cash.There’s no such this as an Affidavit and Memorandum Contract...there is an affidavit/memorandum of contract, but that’s not something the seller signs and you have to use it properly or there are legal consequences to you.Other than that, the whole idea of wholesaling off the mls is essentially worthless....you’re shopping in the Retail market for a wholesale deal, that has already been exposed to the retail buyer, for something you can resell at a higher price, to an investor who is looking for a below market price.  

The downside risk is simply that you have more money to loose.

While a Real Estate Salesperson license is not required to act as a property manager (at least in Maryland), it does show that the individual has some professionalism and they also have a lot more to loose if they mess up.

I'm using the term "solid" loosely and realize the challenges in wholesaling, but I'm wondering if you've had success with certain lead generation comoanies.

If you have to put her in a new lease, you will be bound by a 12 month term by HUD. 

Cleaned them up, welded loose frames and fabricated drip pans & cooking grates, repainted them, then took them back to properties. 

Lending standards are fairly loose right now so you should have several options to get into an owner occupied property with a very low down payment.

If you think it's loose, unplug the fridge from the wall outlet, reconnect the connector at the valve, and plug the fridge back in again.Most of the time, the icemaker has a short cable that ends in a multi-pin plug, and there is a matching socket in the wall of the freezer that it plugs into. 

If you can make enough to go out for dinner and drinks once a month, I would consider that a success.My cleaning lady kept all the loose change she found in my STRs in a coffee can. 

I spent all day yesterday getting to where I needed but to answer my question above: if you decide to become an owner builder and sign the affidavit, you are bounded by the terms in NC GS 87-1 and 87-14.