It's a salaried job, probably doesn't pay great but you get experience on screening tenants and how to fix minor problems or how to hire folks to fix things and the prices for them.Don't forget the old fashioned get a regular job you are good at save your money and buy a rental.

It's a regular cost of business.

Although they definitely  form my experience do a very good job on due diligence on the promoter ( borrower) I personally  provided a full FBI background check full credit etc etc.. and usally when you do that that weeds out most HML borrowers.

During this time, he is just paying the regular payment on the other properties.Once House 1 is paid off, the mortgage balance on House 2 is down to $100,000.

Second, unrelated to real estate, I have an 8 month old restaurant, and a one week old sandwich shop I want to promote.

But you just worked 50 hours of overtime for the same amount as your regular pay.

I do inspections all the time for my investor clients at no charge.Eventually if you do enough work with a regular contractor, you could expect the same, until then, be prepared to pay for quality expertise.What I will warn you though is, while many think after just a few walk throughs that they know what to look for.....it takes MANY years to really know all the ins and outs of what is going on.

This, however, assumes that promoters will use Title III, which is not very likely for most deals.

How far are you from the units, and do you have a regular maintenance / handy man to handle day to day maintenance calls.

However, my other question is does the wholesaler have to pay or provide the closing cost using a method like the "split HUD 1" or even using a regular assignment?