Would anyone suggest completing a formal business plan when starting a real estate business or simply understanding and following you goals and objectives?

Not Sure Victor, the roof isn't falling apart but has significant leaking to two of the townhomes which can be seen on the ceiling sheetrock. thanks for the feedback I will follow up with my credit union.

• Lastly, when negotiating seller held financing,we can negotiate the ability to substitutecollateral (move the mortgage to anotherproperty) or subordinate the mortgage so thatyou can borrow on the property and the se...

I do use that website, along with the CPD clearmap http://gis.chicagopolice.org/ (if you didn't know), and follow different Twitter accounts that post live police scanner calls. 

Read Multifamily Millions by David Lindahl and follow his methodology of repositioning a value play.  

So, I'd think that it would follow then from a wholesaling perspective, one would be much more wary of non-warrantable condos as it will be more challenging to find potential buyers (in theory).

I think this question hinges on the following 2 questions:1) Are there really no available deals you can do that would cash flow, for $0 of equity in the deal?

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As I follow the market it seems that homes are being valued and listed higher than their actual worth and many buyers are willing to pay more for less.

To do that follow the Hundred house rule.