It might be a good idea to have a written partnership nuptial.I understand how it is to be busy with all of your businesses.Some of my businesses are; Real Estate Management, Auction Company and Investment partnerships.I do find time to practice my art.I guess it is OK to announce my art show, all sales go 100% to charity, The Smile Train.www.auctions.investorsunited.com to see the bidding process and view the paintingsAlso on Flickr at www.flickr.com/seeparrishartBrandon, I think it is important for people like us (managing lots of businesses, lots of stress and controlling the moving parts) to have an escape, a diversion, a creative outlet, a mind break from businessWhat are your thoughts on that?

But, in general, I would agree with the views of most posters that the 'wear and tear' argument won't hold up well in a courtroom.  

Do you tell them you are looking for an owner financed deal before or after you view the property?

As far as the process described by John Rodgers I do not know of a single underwriter in Florida that will issue a title policy on a tax deed property inside of 4 years that has not had quiet title/cleartosell certification.

So I found this great HUD Owned large 3 story Victorian Col on corner double lot, one block from waterfront n view from 3rd floor with open and enclosed porches,  in the best part of town I grew up. 

Anyone ever have a real estate agent do most of this for you or is it impossible to do it the way i want i described?

(Click on image to see a bigger view)I will be posting similar stats for Coconino county soon.

If you can be competitive by working just nights and weekends, go for it.Here's a couple of links that will give a more realistic view of wholesaling.

@Paul GiloThe reward is not so much the few grand a year in economic benefit early on that I described with my "number crunching" but the fact that you are getting into multi-family with so little cash out-of-pocket as described in the last paragraph of my post.

I've been looking at houses in different areas on Realtor.com and also viewing the crime maps on spotcrime.com as well at neighborhood scout.What I seek is a SFH or small multi-family unit with good cash flow.