Happy, satisfied customer, thank you Yellow Letters!

@Jonna Weber this will be challenging. =)

We wrote the seller a letter about the appraisal challenges (bank not lending above appraisal, and that other buyers would have the same hangups) and they accepted our offer at appraisal price of 170K.  

Then it just challenges people to find better deals! 

But the exact amounts of the net selling price (the contract price minus costs of closing and before the mortgage is satisfied) and your net purchase price are what you use to make sure you buy at least as much as you sell.In your example you sold for 500K and had 100K in proceeds.  

What are your biggest challenges in having Short Term or Vacation Rentals? 

I use @William Robison as well and have been satisfied so far.

The challenge is to always be replacing a new flip with one that gets sold. 

The changes are all designed to protect the consumer, the buyer and the seller in each real estate transaction.And while everyone generally agrees that consumer protection is crucial, some of the changes may prove to be challenging, both to real estate professionals and to the consumers they serve.Before getting into the specifics, here are two basic reasons the new RESPA requirements may become challenging: 1) the need for more specific consumer disclosures, and 2) the need for those disclosures to be presented to the consumer in final form 3 days prior to closing.Conceptually, specific disclosures, as well as strict timelines for completion by professionals and presentation to consumers, both sound like excellent ideas.

You will get incredible knowledge on how to research, identify, build your team and learn each area's specific challenges - for example cracked slabs in San Diego, Foundation issues in Texas, Termites in Atlanta, etc.As far as wholesaling, the quick answer is to pay a local wholesaler to bring you a cash buyer.