Wholesalers tend to make the difference between what they got it under contract for and what they're selling it for, IE if you get a 160k house under contract for 120k (70 cents on the dollar) and sell it for 128k (80 cents on the dollar), you collect an 8k assignment fee, as opposed to the standard 1k that most birddogs get (though higher rates exist).2.

Taking a 3-5 year viewpoint of cash flow (review leases, rent rolls, etc.) and expenses (review tax returns, P&L statements, etc.) will allow the investor to budget for such incidents you speak of and is far more exacting then the standard rationalization you suggest.

That's standard with any kind of second mortgage.

Because, I find it curious that there is no standard resource from which HOAs generate their rules and regulations which govern owners.

What is a hard money lender and how do they differ from standard bank mortgages in terms of rate, costs, time etc?

Actually most standard commercial real estate contracts will spell out if a contract is assignable and under what terms it is assignable.

There all a bunch of terms that are going to be a complete waste of your time.All you need to know out of that entire list are:Subject to: Make your offer subject to whatever the standard realestate contract has in it.

I want to be poised for Real Estate greatness, as measured by my own standards for success.And this board has seemed to open the floodgates of potential.The way I see it, I've just been born.

But instead they get into this mindset where the reno job has to be good enough to the point where it would be up to their own standards to live in.

I would not rehab a rental to the same standard as a property to be sold.