The cost is built in somewhere to what they are doing.We get landlords offering free rent here for 1 year.The rent isn't free on commercial as they then have year 2 at a higher than normal rate to recover some of the lost rent and then built in escalations that are higher and more frequent than normal.Never get sucked in by a gimmick.I tell all my clients to be slow and methodical in doing a deal to avoid "knee jerk" reactions.It takes a long time to make money and a small amount of time to lose it.You also have to watch out for if they are in pre-foreclosure or not.They could be trying to collect an upfront payment with free rent and then walk.

How do you expect to collect your wholesaling fee from a non-cash buyer?

If when you factor every thing in if it really costs less than $100 and the amount of time it takes you to do this and collect your money each month, do the accounting and taxes then what the heck go for it.

Let me tackle your prostitution elimination goal - there are many best practices you should be able to Google - no secret there.

Apparently, it's common practice in LV.Anyone else have this issue or this is just an isolated incident.

They list:Annual Rent 10,200HOA Fees 0 0County Taxes 839Management Fees 600Annual Insurance 450Annual Cash Flow 8,311Management fees are understated. 10% of collected rents is more typical, which would be $1020 a year.

What is your specialty (tax accounting, tax representation, etc.)How long have you been practicing?

Thanks much in advance and I am looking forward to getting back to the States where I can put into practice what I am learning on BiggerPockets... such a wealth of knowledge and all in one place!

I think the wisdom and practicality at biggerpockets will help me define the best way to go forward- not to mention the questions and details that come up when executing the plan.

For conventional loans, the practice is to use the lower score, but local banks lending in their own portfolio can relax this and average/blend the scores.