Even with a lower price, the incentive of all cash with no loan required and usually a quick closing, is hard for a seller to pass on.  

He usually wants to see the property and asks what we are going to do with it.

I usually see $5k held for this for 30-60 days.

Most fourplexes usually have landlord paying water too.

I handled the call with my usual tact, apologizing for upsetting him and asking him for either his name or address so I can go into my database and prevent from bothering him again.He responded that his name was "John". 

That is usually 'substandard' and is the more common term in the escalation of problem property hierarchy.

(usually). 

Stephen Chatto I'm not a Lawer but my dad is a retired broker he has a book on real estate laws in New Jersey, I am not a Lawer but from my understanding As a wholesaler (flipper) you are considered a broker especially when met listing properties on the web , police can fine you in different ways as in practicing with out a real estate or business license (which is usually the case)NJRS §45:15-1.

Kinyada Frazier Usually if it sounds too good to be true then it is.

We are older and my daughter is grown and we are looking to have enough passive income to live in and a little extra.