it does not sound like a deal that make sense, unless the seller are willing to short sale and still bank has the say on bottom line number.

We are open to partnering up with an experienced real estate investor and contributing in whichever way it makes sense to build upon our foundation and understanding.  

Does this make sense? 

I am an electrician by trade and own a 1916 home myself so the commonly frightening buzzwords such as "knob and tube", "plaster walls", and "asbestos tiles" don't carry quite the same weight with me but it will be nice to have someone who is as objective as possible.If you feel comfortable answering, could you share what you budget for repairs on these older properties?

This makes some sense, of course, because you don't want to assume a lower or higher cost of repair than what will be necessary.

Austin Peck we use our pro forma in excel to play around with numbers that both make sense for us and the seller.

What I was wondering is, does it make fiscal sense to perhaps buy a house in a vacation area, use it as my own house?

If it doesn't all come together and make perfect sense, then get an attorney's ear for an hour.

Plus, you have to factor in the opportunity cost of you NOT running your business, and doing what you're best at, while trying to keep up with all of the SEO changes - just doesn't make sense.

:)This house is in Birmingham, AL and I am trying to wholesale the propertyThis house is listed with a realtor on the MLS for $79kARV is about $75k and minimal updates / repairs are necessaryThere is $68k remaining on the loan balance, but the seller is behind a few months on the payments and might have to short sale it to the bank (does this even make sense, I'm not entirely clear how short sales work?)