Although if they have 165,000 in it then at 190,000 they would be at breakeven or a little profit maybe after resale costs.Sounds like maybe the seller underestimated the amount the repairs would cost on the property and are trying to dump it now and limit losses.

Only you can decide if trusting in this wholesaler is a good move for you, but if you plan on doing both, career and wholesaling on the side, then you're moving forward either way, not limiting yourself.

If you don't specify a limit in a lease, tenants will end up moving in their girlfriend.)- Are parties allowed?

I have come across mentions of lender limits on the number of properties you can carry.

In my opinion, I wouldn't limit yourself to type of house or even neighborhoods.

You can do it, and you can charge, but the limitations in this act pretty much mean your client doesn't have to pay you and you have no recourse if they don't.

A good management company will do a better job than you will and over the long term will be very valuable to you.There are many good markets around the U.S. today, so don't limit yourself.

Houses in this price range also allow you to better utilize the limited number of fixed-rate Fannie Mae loans you can obtain.

You might want to put a few limiters on the list like location and price just to help narrow down the list.11.Information/List Broker – In some cases you can go to a list broker or information broker to get the information that you need.

I know this has it's limitations because I believe it only covers those properties that are listed to rent via an agent.