I have a local lender that does 80% LTV, no seasoning, 30 year amortization, lends to LLCs, and at a competitive interest rate.

I'm in Los Angeles where it is extremely competitive to find deals and the profit per deal can be huge (over 100k).

I'm not so sure that same competitiveness applies to larger JVs.

Yes, I would ask for tax returns, k-1's etc.I would run a credit check and bacground check on each individual.I would analyze the competition in the sub market.Assuming all come back with credit scores of 700, historical sales of each are stable, and there is not another similar use within a 1 mile radius, I'd go with:A true "retail" use, because I might be able to negotiate a percentage rent provision.

You NEED to read everything you can get your hands on pertaining to this business - and it's a pretty broad spectrum.Understand that your competition has years of experience on you and know things that you do not yet know.

I was hoping to make my offers more competitive by not including a financing contingency and using bank statements to show proof of funds.

This would allow for the individual to shop around for the plan that best suits them (competition) which in effect would drive prices down.

I don't have a number one page in a competitive genre to to qualify myself.

If the liens are for something like lot clearing, securing the structure, etc they are going to be non-negotiable.It's going to be a huge headache for whoever has to deal with the liens but sometimes it can be worth it because there is often little competition for those type of properties.

Simply sending a handwritten letter that says "I buy houses $CASH$" isn't going to be effective if you have competition.2) After hundreds of wholesale deals I can confidently say that no two stories are the same.