It's a simple matter of having a conversation with another human being, and during that conversation being able to elicit information necessary to determine if the property is a deal for you or not.1.

The other thing, will people please stop with this zero interest BS they get from  gurus and predatory dealers........pay interest, there are other threads telling you why.

It was built by Habitat for Humanity about 12 years ago. 

These deals can create 3 to 5% value in assignment fee relatively quickly like 10 hoursFree and clear houses that have no mortgages, have opportunities for creative finance tooYou could buy the house and give a payment that is low enough for cash flow with market rentYou could have a homeowner get a 50% mortgage for cash now and then get some cash later with a private second mortgageThe negotiation with the seller on terms deals is completely different than pushing the price down like car dealer in wholesaling, it's not apples and oranges, it's grapes and watermelonsBeing a one trick pony doing "only wholesaling" with all the competition you have I think is crazyI get a ton of my pretty house terms deals from wholesalers that only know how to wholesale

You are only having a conversation with the other person - a human being.

I'm a general & Manuractured home contractor, manufactured home dealer, real estate broker, developer and property manager from North San Diego County and would love to meet others from this area to bounce some investment ideas off of.

Incredibly difficult to get off 0 as well, and the only way I did it was to finally convince my bank after a year to give me a loan purely to take me off 0 and even then it took a human underwriter to step in.

It's just human nature.

I'm not sure if it has been mentioned here, but one major reason to consider setting up an entity even for one property, is to avoid a dealers status by the IRS down the road.

I do not expect to gut the home which is why I'm estimating 23k (includes landscaping), but you never know with a home built in 1910 ;-) It will be a rental so most of the finishes will be pre-love/salvage/Habitat for Humanity store.We plan to get bids for the work outside his scope after I get the house under contract.