Spend a little time getting clear on this up front, which will make it easier to supervise them.

Purchase price: $115,000 Cash invested: $35,000 Sale price: $240,000 Move in ready, fully renovated townhouse, 2 bedrooms with 2 1/2 bathrooms and ample closet space including walk-in closets in each master bedroom.

Wholesalers knew what was happening, cashed checks and looked the other way. 

About 680 per month after 3.5 yrs it would be just cash flow . taxes on the property are low.

Most people think you can no longer cash flow with real estate, but you definitely can down here. 

(other than having cash/equivalent, preliminary title report, and the appropriate deed ready to go 'on hand')The MOST difficult part of this will be getting the lender to provide you with the reinstatement figure to bring the loan current (I do this and take title sub-to because it's actually easier to get the lender to provide a reinstatement than a full payoff). 

Is there any Business Owner Occupied Element or is a cash flow investment3.

That way, if you find a deal like this, you can keep your cash capital-gains-free? 

Just my 2 cents...feel like HELOCs and other ways to cash in on crazy equity is resulting in a lot of these cash transactions though.

Since then, I’ve paid myself back with the rental cash flow.