Leverage a low down payment and slowly fix up the building (ideally cosmetic items) over time.

When our clients bring us wholesale deals, here’s how we help protect their interests:Deal Analysis – We evaluate the numbers to ensure the property aligns with the client’s investment goals.Secure EMD Handling – We require the earnest money deposit (EMD) be held by an attorney or title company—never the wholesaler.Renovation Support – If the property needs work and our client lacks a general contractor, we refer one from our vetted network.Wholesaler Due Diligence – We verify how the wholesaler controls the property, especially if we haven’t worked with them before.Transparent Fee Structure – Once the contract is finalized, we include a line item for our fee so everything is clear and documented.This approach ensures our clients are protected and positioned for success, even in non-traditional transactions.

This is a group of people with no morals who is more concerned with putting money in their own pockets instead of being upfront, honest, truthful with people in the beginning.What we see most lenders do is you have a draw schedule with completion items and once the work is complete it is funded - its rare if ever that a borrower gets a deposit before hand or before work is done. 

When inspection was done, we used several items on there to negotiate it down another $10k to $345k.

Check for big-ticket items like roof, HVAC, and plumbing.

Renting out rooms will require you to modify any existing lease you use.How will you address:- Utilities- Food- Bathroom times- Parking- Privacy- Toiletries- Laundry- Etc.

Look up with an internet search on the lifespan of the item to find what percent is 'used up' and multiply that by the cost of a new one.

Due to item 1, adding an ADU can require years to start achieving any return (once the accumulated cash flow recovers the initial negative position).4) Adding an ADU is a slow process.

The most important items to consider for approval is that you have very clean credit and the lender will also analyze the exact location of the property to consider how long they will take to resell.

This inspection breaks the findings into 3 categories 1) not normal wear and tear which is fixed and charged to tenant.  2) normal wear and tear that will be fixed and paid for by LL 3) items that are normal wear and tear but will not be addressed at this time.