@NICK YAMBURGER What is your object for becoming a wholesaler?

In my opinion, there are at least five huge factors in determining whether or not you should go out of state to invest.1) Your investment objectives.2) Amount of capital you have available.3) Your desire & willingness to be involved, in day to day, hands on investing & management.4) The time you have available to devote to investing & management.5) Experience & ability to establish & maintain systems for oversight of your investments.If it is tough for you to find a good deal within a 2 or 3 hr. radius, it may not necessarily be geography that's problem, it may be the deal finding strategy that needs some fine tuning.

Objectively, the "exact" comp does not have the curb appeal, has not been updated, and is on the Main Street into the neighborhood.In addition, I found out today that there is a serious backup offer on the table.

Would like to hear some feed back on this.For SFH's I go with the 1% rule to start, if you can get 1% of the purchase price in rent then definitely look into the deal further.For me now, my bottom line is will it meet my personal cash flow objectives after PITI, property management, vacancy\maint reserves.I know this sounds redundant and kind of basic "duh!"

Hopefully your lender won't object.

Write down what "stands wrong" means in an objective way.

Main objective for them in many cases is to reduce or eliminate mortgage payment and cash flow is not a huge priority.

After months ... well, maybe a year, of lurking, I've submitted my "introduction" post and made a few other small contributions to some of the fora.Now I've sat down to raise the questions responsible for my being here in the first place and I'm not exactly certain how to start ... so, rather than try to write eloquently, like any engineer, I'll resort to a bullet list of the facts ;-)1) As alluded in my introductory post (http://www.biggerpockets.com/forums/55/topics/88317-new-sort-of-in-canada ) I realise we have arrived at the point where, if we are to grow our real estate business to meet our objectives in a reasonable time period we need to start using other peoples money (OPM) to purchase properties.2) I've helped raise both private and public funds for startups in my past, so the principal and general process is not foreign to me.3) Despite the above two facts, I am presently seeing the task of approaching people for private financing as a "necessary evil" and am loath to do it.

Doesn't cost me anything, so no objection from me.

Cities have gotten tighter on permitting, though, and might object at some point.