@Tom Owiti hi I teach a class series for the Miami Association of Realtors on how to better work with housing authorities.It’s a great option and can be used almost on any property as long as the association bylaws don’t have any restrictions that would prevent this specific tenant from qualifying.

I am trying to wholesale to get my first sale and eventually pay my fees to get my license back. ok now for the questions:1: Can I use a traditional 1-4 contract to acquire my first deal or is there a specific contract I have to use instead.2: what is the most accurate way to determine the rehab value. 

All it takes is 1 or 2 dominos to fall in a specific market that could trigger action but agreed the banks could be propping this up from happening.

Do you have any specific questions?

Specifically: skipping RLMO, having a balloon payment, and prepayment penalties.

When it comes to targeting specific renters, a pool will be favorable in terms of attraction but will not always have a great ROI as others have mentioned.

I've seen you post quite a few times now; I recommend listening to the first 300 episodes of the BiggerPockets Podcast and returning to the forums when you have a specific question.

As for your out-of-pocket costs, it really depends on the property and your specific situation, but budgeting around 5-10% of the purchase price for these extras is a good starting point.

If you have any specific questions reach out.

I have a specific dollar amount that I keep in there for ordinary repairs, emergencies, or capex.