It can become rather complicated, but simple having caps where increases are carried forward that earns a rate of interest and adjusts later where actual payments may go up to a point and excess amounts while not payable are still assessed, accrue interest until the next rent amount adjusts then amortize the deferred amount over the next term together with any increase.In numbers, say a cap rent was 500, first adjustment is 70 more, but you have a 50 cap.

Also, people with sufficient funds will leave these areas and the area will go into decline.Climate - Properties in areas with hard freezes and excessive moisture will tend to require more maintenance than in milder and dryer climates.Age of the property - The older the property, the more maintenance it will require, unless all the major systems and components have been updated recently.Property cost - There is a tendency for new investors to choose locations with very inexpensive properties.

Would we need to do a test inside the wall to look for moisture? 

What pattern are you using, does underlayment need to be put down, do I need a moisture barrier etc. 

The property needs some foundation/moisture mitigation work, a trash out, and a full rehab.

It's also possible that excess returns from certain months are reserved to cover lower months.

@Joshua Ellison In short, almost no one successfully, excessively wholesales property in CT.It's not a great business model, or something to pursuit in our state right now.People who are well connected, and who know real estate can wholesale, but it's not a great option

A strategy that I have seen to improve cash-on-cash returns is to overcapitalize the deal upfront and distribute the excess working capital to investors while the project is being renovated.

I am trying to avoid court as much as possible unless he stops paying rent or stays excessively too long in unit.

Make sure you borrow enough money from the private lender to not only fund the downpayment, but also give you enough excess money for holding costs to get the rehab started and pay the carrying costs. 3.