I use a title company that uses my buyers funds to pay for my purchase.

Now, as far as the logistics, they'll wire their funds to the title company.

if I go by your numbers 54k purchase price amd 24k for rehab  that's 78k you're going to rent 2 units for 750 so that's $1500 a month.you should calculate the expenses taxes ,insurance,maintenance etc and see if the cash flow will make sense.. you can use the 2% rule which in this case looks like you're right on the money. . so if 54k and 24k are right numbers and this is not a complete war zone were you would get your $1500 every month with no problems than this should be a good deal..check again for the rehab costs with a local contractos ask to have written estimates. also see if you need to pull permits.. these takes time and money. .good luck!!

I believe that we should get commercial insurance.

Sellers of properties on eBay are typically looking for suckers....lots of overpriced properties, and sellers looking to unload properties with title problems.

"Wholesaling" is the new breed of mostly unlicensed brokers with no education, no insurance, and worse yet, no clue.

Then add ALL costs related to holding the property (utility costs, insurance premiums, property taxes, loan payments, etc.).Concessions: Concessions are what you give back to the buyer at closing.

If you paid $250,000 on an SC property that rented for $1700/mo:Annual Income                                      $20,500Taxes                                                         3,600 (would be about $1,200 with owner occupied)Insurance                                                      800Maintenance allocation                              2,000Vacancy allocation                                     2,050Net operating Income                               12,050CAP Rate                                                          4.8%On most rentals in the Charlotte area I look at a minimum of an 8-9% CAP rate.

Do you have first position on title?

BTW, my monthly expenses are all encompassing - any mortgages + insurance, taxes, vacancy allowance, capex - but not taxes, since those are (largely) offset by itemization.