What made you interested in investing in this type of deal?

This could be a good or a bad deal, we don't have enough information.

He did all the work finding this deal and negotiating the great price so I agree he is entitled to some sort of acquisition % fee.

So it's possible that the assignee might decide to cut his losses and forfeit the fee amount he already paid in.Regardless of why this might happen (which is really immaterial), the questions I should have asked are:How frequently (percentage of a wholesaler's deals) does it happen that a buyer backs out of the assignment, andWhen it does, how successful are you in pursuing the alternatives mentioned in Dustin Heiner's article?

Have you been dealing with any water leaks, drain issues, or delayed repairs?

Many states have a limitation on 179 that is different from the Feds.Some have really painful rules on dealing with that bonus depreciation addbacks.You still benefit from the cost segregation study without the bonus depreciation - say your cost segregation study broke out $100k of 5 year property - now instead of spreading that out over 27.5 / 39 years, you get to take it over 5 years for your local state.You still get the bonus depreciation amount on your Federal return, regardless of what the state does.

I'm Romny from Philadelphia, Im a rookie investor trying to learn everything I can before jumping into my first deal, I think i might be mainly interested in buy and hold multi family but like I said im a rookie so that might change.Outside of real estate, I enjoy Mountain biking.Excited to learn and connect with you all!

We have never purchased a property so far away and it is overwhelming to think about how to furnish and manage it and finding local cleaners as well as making sure there is someone that can deal with any issues that arise for guests is very important to me.  

Interest rates are making deals a lot harder to come by.

Maybe try that till the market throws me a deal.