All work and no play makes Jack a dull boy, so let's have some Halloween fun!

The inspection isn't very hard, make sure the plugs are grounded, the hot water works, the toilets flush, drains work and light switches work. 

I know my numbers, I know what is a good deal or not.The WHOLESALER determines the offer, NOT the buyer.I see some of you don't understand the job of a wholesaler.A wholesaler is not some sleazeball that does minimal work and then collects an (undeserved) fee.The wholesaer (a good one):1) Finds the seller2) Does his/her due diligance3) Takes note of all the things wrong with the house4) Forms a solid Cost Of Repairs, ARV, and As-Is value of the house5) Negotiates with the seller to put it under contract for a price that works by the NUMBERS, not the end buyer.6) Presents the contract and explains the contracts7) Makes sure the seller knows it all, what they can expect, how it works, what the risks are, what the time line is, etc.8) Finds a cash buyer for the contract9) Presents the cash buyer with the property report where all the pertinent information is lists for the buyer10) Makes absolutely clear that it is the buyer's responsibility to verify the numbers.11) Works as the communication middleperson between buyer and seller12) Makes sure the buyer follows throuhj with their responsibilities as well as the seller's responsibilities13) Keeps constant communication with the seller till closing.So I think I see where you guys are coming from when saying "it is the buyer that makes the offer".. as in the buyer will ultimately need to be fine with the offer... and yes, the end buyer needs to make a profit sure...

BUT I didn't take shortcuts.

I've gotten to where I use a lot of the same people because they know my expectations, know I will come to them for work, and we catch up from time to time through working relationships. 

There’s a ton of levers that impact returns - you should either know how to overcome these obstacles through experience or learn how to plan for them.If you’re starting in multifamily, accept that underwriting requires some work and dive head first into spreadsheets.

The flaw I see in your logic is this...who's going to want to rent out an apartment that has holes in the roof, water leaks, questionable HVAC, faucets don't work/toilets backed up (God forbid overflowing onto the renter below them), electrical is a hit or miss...thought I was charging my phone but hello this outlet doesn't work. And

I'm buying a place in Mansfield that needs a bunch of work...and probably ongoing updates/maintenance. 

Wholesaling is hard work and if you are successful in that, you can certainly be successful in MF investing. 

I would recommend having two bank accounts for the property: one for rental income and to pay for any expenses, utilities, and maintenance work; and the second to hold the tenant's security deposit.