If tenants are leaving tell him you suggest he clean it up and list it to sell as a retail property as it loses money every month as a rental.If you were licensed you could offer your services to help and still be able to make money on the lead you found.

I was hoping I'd find support for whether or not it would be a good idea to get hard money for a 25% down payment, traditional financing for the remaining 75%, with all profits (rent less both loan payments-HML and traditional financing, prop tax, insurance, and 10% maintenance fund) going to the hard money lender under the loan is paid off. 

Thank you for your service.

The expense includes taxes ($12K), sewage, water, and other various maintenance items.

Properties are generally much cheaper relative to the rent they pull in, than in NY.3) Lower fixed costs - lower real estate taxes for starters relative to your rent roll, etc.4) Lower variable costs - labor is A LOT cheaper here.  5) Less stringent code enforcement.6) Less maintenance - milder weather, and younger average age of homes make for less maintenance.   7) Diversification - low entry price to buy property allows and investor to manage risk by buying properties in different neighborhoods instead of putting more eggs in one basket.In additional to the benefits I listed above the city is growing so fast that homes rent very quickly, often times before the sale of the home.  

The form was that we agreed to pay a $325 service fee to our agent.

I do understand that if I were to resell when the tenants are in place I would need to transfer the money, but I have some small maintenance items I want to address this month and instead of borrowing the money from my bank to make repairs can I use the last month rent money.  

If you would like to go into more depth on Co-Wholesaling, just reach out to me and i'll answer any questions you have on it.2) Driving For DollarsDriving for dollars is the cheapest and least risk for acquiring property (unless you are in a bad neighborhood, haha)in short:you drive around and take note of all the properties with deferred maintenance, boarded up windows, over grown grass, or obviously vacant.

Remember that deal worked for the company because it had unused capacity that would fully service the trucks.

let me know how I can be of service!