and can you recommend any agents who might have a decent flow of wholesale deals?

The best advice I can give, is create a bulletproof contract for yourself via a good lawyer if possible.Sounds like a viable deal if done correctly, but far less headache if they can just qualify on a conventional loan.

I have been working with him to find deals, and manage rentals for a while now.

Here is the next deal, Adjoining residential lots for sale as a package on Mt Carmel Rd totaling 1.46 acres.

It takes a lot of time to get good deals under contract.

The common problem with this situation is that the seller and the bank want to be in the first position (if that bank wants any part of the deal in the first place).

Third, they may turnover more often because a tenant can find a better deal somewhere else.

Without appreciation, your entire return is cash flow, and buying at a 6 cap with little to no real upside, means you will be making 6% on the deal.  

Hi All, I’m just starting out and, following the advice of a mentor, I’m trying to find an attorney who deals with real estate transactions and issues.

This is my first deal.