Laundry room with mechanicals.

The protection period is a valid mechanism to keep buyers and sellers honest.

They also want some sort of weekly reporting mechanism on progress.SO… what would you do/how would you go about being successful in this role?

My above question was a bit facetious, I thoroughly understand the mechanics of wholesaling, but find it incongruous.

Personally, I feel that the mechanics of wholesaling can be a little inside baseball for most sellers, they just want their number, but I may be wrong.

Some on here advocate setting rents high as a screening mechanism, but better tenants almost by definition have more options.I do take a local personal check, and drive to the local branch with it immediately, but I understand what Jon is saying there.  

EMP's (Electrical Mechanical and Plumbing)3.

Old Florida has done well by me.They're a little behind on technology (no smartphone app), but the rates and approval mechanism have tended to be rather good.And there's a branch on OBT in Apopka.

How many problems or capital expenditures will you incur if the property has mold,venting problems,radon,asbestos,lead paint,roof problems (too many layers),structural problems,galvanized pipes,knob and tube wiring etc.It seems from what you posted that repairs are really eating them up.You would need an inspection of how old the mechanicals and the updates are.You then from the property inspection need an estimate of what it would take to do all the replacements and repairs to make it like new.This way you aren't dumping huge money into year after year.You also could contest the tax values to get those reduced to improve cash flow.

Yes, you have to make sure that it is up to code, free of hazard and all the mechanics work.