Paul that would be a great executive rental.  78 10th St E, Stp @ The Pointe, #R1505 @ $114,900Please contact me with any thoughts on how to get this into the hands of someone looking for an executive rental purchase.Thanks,[email protected]: 612-868-8334

I am still trying to learn my way around BP site....I just found a number of e-mails in my spam box from others that had posted when you did.

I do have one tenant who sends me some kind of electronic payment that I get an e mail notification..

They didn't mention how many they actaully close, but I wouldn't be surprised if they're doing 10 a month between the ones they keep and the ones they wholesale.I do get e-mails from another wholesaler who I would get gets close to 10 a month, based on the combination of "here's a deal" and "sold!"

But that should only be years down the road when you understand the "ins and outs" of RE investing.When i was in the Air Force as an E-5 i started to buy properties all no money down, borrowing RE agent's commission to apply it towards closing cost etc so i would have no out of pocket cost.

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Thanks Paul Timmins, Jerry Padilla and Tim E. for the advice!

I've got the O and E title work already ordered. 

Ask for  a copy of their tax returns at least schedule e for those apartments for 2012 and 2013.

The lender would pull a prelim and figure out that you don't own this property and may disallow your use of rents unless you had a master lease contract on the property still which legally gives you right to master lease it out to tenant so you can offset your mortgage on your credit report with the rents received.It all depends on how you claim this if your accountant claims it on the schedule E it may work (what I am talking about above) because it will show income - mtg interest expense in a way most lenders like to see rental income.