We're both really excited about the prospect of buy and hold investing in real estate in southwest Ohio.

Sure but the outcome is likely not favorable for you even though it stopped....eventually.

Then there's advertising fees, credit and background check fees, gas to drive to the property to meet prospective renters...I say do your best to keep the good ones around!

Rate, balloon, amortized over 30 yrs, etc.What kind of research are you doing on your prospective buyer?

The only thing that would keep me in TLCs would be a reasonable prospect of acquiring a decent property.

Decide how will you market the property to prospective renters also.

@Michael Stole What was the outcome?

On probates, you get a LOT of trusts so excluding them would limit your prospects...

So, if you dealt with with sending out 1000 post cards, handled 50 calls, visited 10 other prospective properties and spent a total of, say, 270 hours over this same period directly doing wholesaling work then your hourly rate is $25.60 an hour.

I expect no real outcome from it but I am hoping that the lawsuit paperwork will scare him into telling his son to beat it.