When buying a Real Estate consider property tax new cost specially in today's Market.

It's true that you can do a longer contract and most wholesalers do but also most wholesalers fudge the numbers and make the ARV much higher than what it's actually worth or the rehab cost is way too low.

Rule number 2:  The Option Consideration is NOT a deposit on the purchase, it's the cost of the Option Contract, and it should NOT be given as a credit toward the purchase of the property. 

They have cost my business tens of thousands of dollars and countless wasted hours of follow ups and missed opportunities.

Fleas in the carpets on the day of the closing! 

The house we are moving to costs $400,000, and we plan to use part of the loan amount for the down payment on this new house.

I dollar cost average, more or less, with this too. 

They claim that the replacement cost has gone up 400k since the policy was written, and that they had just raised rates this past January.  

Try to get your wifi router on the same level as close as possible to the lock (<20 feet should give you great signal strength), and your Schlage Encode wifi reception should be in good shape. 

I was concerned that the houses don't meet the 1% rule but with older houses, you're losing in more repair costs.