When I got back to my computer I looked at a county that was "digital", and still found it to be labor intensive (relatively speaking).

If the numbers can work out as in Jon's example than I think you'd have a pretty solid plan and YES you should start seeking out lendors for your refi asap.

I have p[aid 18% to investors and their funds are highly secured, very passive, and no intense investigations required for safety.

Though it is intense, it is also required to ensure the product is applied correctly with a multitude of variables between homes taken into account.

There probably isn't a whole lot you can do if the buyer goes behind your back to work out a deal with the first wholesaler.

That is where I am hoping the bank will move to try to work out a loan along those terms.

Give them all your personal details and let them help you work out a plan.

Rentals normally are going to require at least a down payment and closing costs but not always, and they may need to be fixed up, also.Wholesaling and rehabbing are time and skill intensive, while rentals are by nature passive and can be delegated out very easily.If your credit is in the toilet, building an extensive rental portfolio may be out of the question right now.

Here are the details: House list price: $49,900 Estimated value from Zillow: $160K Similar homes in the area have sold for $90K- $130K in the last 90 days Rehab cost: $15K-K20K max Good thing about area is its in a "revitalization" area which means there are LOTS of first time home buyer intensives from the town and state not to mention the government ones.

You and your partner need to work out ever little detail while you're friends so the decisions about what to do when things get rocky are in writing.