You may not realize it, but you have already gotten started, but cutting your liabilities.If it was me, I would build up my savings more.

In several cases, the numbers looked good on paper, but once you jumped in and did more research, you realized that the ARVs being suggested by the wholesaler weren't accurate (house was in a flood zone or just over the border in a worse school district) or the rehab estimates provided by the wholesaler was off by just enough to make the deal less than appealing.

**Edit: I just realized it is actually decreasing your cashflow...

I also agree that "equity" has no accounting value until it becomes realized upon the sale of a property.

As this is an investor walking through he will ask different questions and look at different things that you may be able to answer since you speak the investor speak.When I work with sellers I tell them up front I may flip the property to another buyer and that way there is no surprise when the seller realizes you'll make a profit.

That is one thing I wish I would have realized sooner when I started investing.

I realize no two deals will be the same, but is there say a "rule of thumb" when structuring these deals?

Many people do not realize there is a HUGE wholesale mortgage market of which many banks including major banks like Wells Fargo, US Bank, etc participate in as well catering to broker business.

Maybe he has realized I don't need him like I did before.The biggest hurtle was my parents.

It's possible that the properties had standing offers below asking and your offer made them realize it was time to accept what they could.