To get into the property earlier, you could ask to tour the common areas, mechanical rooms, and a few vacant units before you make an overture.Once you have done your initial analysis based upon the pro forma / memorandum of offering from the Vendor and decided to pursue the deal, you will either submit an offer of purchase an sale directly (on a small property or straight forward deal that required little additional diligence) or you will submit a Letter of Intent (LoI) outlining your intended offer, the materials you require to complete diligence and the timeline to an agreement of purchase and sale.In the materials you will request from the Vendor, will be information on all existing leases and any other agreements between the landlord and a tenant.  

Here's an outline of how he did it:1.

Outline your experience - doing BPOs, REO management, coordinating contractors, preservation companies, reporting back to the client, sufficient capital (because you'll need to front those costs and be reimbursed later), etc.

In the current market the alternative portfolio loans are called non-QM loans because they do not meet the "Qualified Mortgage" standard as outlined in the Dodd/Frank legislation. 

Create an agreement with them right in your Operating Agreement or By Laws, outlining their investment and returns along with your responsibility (manage the deal).

While in this process I want to outline my criteria for finding and creating cash flow positive properties.

For instance, you may need legal help to establish an agreement outlining the rights and obligations for your investor and you.

I submitted an application for the "CoachingbyPeterProgam" and was contacted by peter soon after. we discussed basic information: motivation for REI, goals, expectations...etc. he sent me an outline of his program.

Would someone be able to outline for me how they would purchase a home from a wholesaler while still doing due diligence?

  @Spencer Gray I couldn't agree more.I ended up in real estate, and syndication specifically for exactly the reasons you outlined.