Dozens of wholesaler deals come across my email every day, and only a small percentage are actually deals.If you've good deep cash reserves - i.e., you can afford to make a mistake without it killing you - then do the best you can and just jump in.

But deep diving further on this makes me a little nervous now.

Jim, take a deep breath.

The property has potential, and as you know someone with deep pockets needs to help you out. 

I am 2 unit's deep into my Real Estate studies.

That said, we have around 50k in capital and over the last 6 months, my wife and I have been doing a deep dive into all the books, podcasts, forums, blog posts, etc. 

This is so interesting, Thanks for the deep insight guys!

Vacation rent might cover taxes and interest on a loan (if you are lucky)...But our conversation was this: if money was no object, I still wouldn't pay $12.5M for that property.We could buy our own Gulf-front home, and two additional investments for a cool $4M each, and the cash-flow from two investments will make more than the 1 $12.5M...Not a deep dive or analysis.

I'm deep in that mess - will let you know how it turns out, or message me and I can give you the play by play... 

One area could be four blocks long by two deep and then over one block the prices plummet and houses are more shells than full structures.Best of luck!