Would the intent of the buyer's non-refundable, earnest money deposit be on the assignment fee, payable to me, or for a deposit on the purchase price of the house.  

I am eager to build long-term, mutually beneficial relationships with wholesalers who can provide quality properties that meet our criteria.If you are a wholesaler in the Cleveland area or its suburbs, or if you have any recommendations, I would love to hear from you.Please feel free to reach out to me via private message or respond to this thread with your contact information and a brief overview of your offerings.Thank you for your time, and I look forward to the opportunity to collaborate with some of the fantastic wholesalers in our community.Best regards,Tom. 

I would recommend checking out Airbnb, Zillow and Furnished Finder to see what else is out there in terms of competition to get an idea of pricing and level of furnishings. 

Right now, I am thinking of turnkey out-of-state if the market continues at this pace because property taxes are so high in El Paso and rent growth has not increased with prices. 

the best plan might be to charge you full price then refund the money equally to you and your sister to avoid maximum taxes. 

Property 1: 4/3 LTRCurrent Value: $475kPurchase Price: $363kDown payment: $40k (30 year conventional)Interest Rate: 2.75%Remaining Balance: $294kMortgage payment: $2369AVG revenue: $2775Property 2: Duplex - 3/2 House Airbnb & Detached studio apt 12mo leaseCurrent Value: hopefully within $575k-$600kPurchase Price: $591k (appraised at $599k)Down payment: $30k (30 year FHA)Interest Rate: 6.125%Remaining Balance: $552kMortgage payment: $5041 (including $362 PIM)AVG monthly utilities: $385 (full year avg)AVG monthly revenue: $5261 (full year avg airbnb + $1650/month from apt)

It might be easier to treat it as a full scenario with Purchase price, Down payment, Term, Prorgam, occupany, number of units/rents per door, Taxes/Insurance (Any flood, HOA) etc. 

This would be our first mortgage, and we're wondering if it's wise to pursue this specific opportunity or find another one.

Higher cap rates: The combination of lower purchase prices and solid rental income often results in more attractive returns compared to overheated coastal markets.7.

Recently, I had the opportunity to cash out a portion of my 401(k), leaving me with $20,000 burning a hole in my pocket.