But we could work out a deal where she manages the property, I cover all maintenance costs, and receive the income from the second unit for a specified amount of time or indefinitely.

The interest was paid in arrears, so March interest had not yet been received by us.

Be sure to watch/listen to all of the podcasts, those are an excellent source of information and the BP books are a huge help as well to learn as much as you can to be ready to buy when the opportunity arises.

I also received the sellers schedule C today and he makes 24k year from the 3 units 14k in expenses and 10k profit, thats with the rents being so low, I could make the same exact income while living in the 2 bedroom and raising the rents to $1k/mo on the 3 bedrooms.Does anyone have an opinion on the storage and garages?

So I help him and receive a discount. 

From my understanding, the various phases of a wholesale deal include the following: A call is received from home owner as a result of marketing efforts Provide a range that we (wholesaler) would be willing to offerReview property and required renovations to determine selling price to market to buyers listGet contract signed by home ownerRecord contract with countyMarket property to established buyer listOnce buyer is interested complete the assignment contactReceive deposit from buyer and put in escrow with title companySet closing date with title company for double close Did I miss anything related to the process?

A friend, using a small title company, received last-minute wire instructions from the "title company" and almost lost $52,000 when those instructions turned out to be fake and her title company rep's email had been hacked.

We have taken some time and paid down our debt pretty significantly.I received an approval for $75,000 HELOC at 5.6% for the first year.

I am in process of closing on my first MF house and recently received the initial closing disclosure. 

Hopefully you received a good size deposit prior to occupancy?