The other part of wholesaling that is a possible red flag is Equity Stripping, AKA Illegal Flipping, this was heavily regulated till a few years ago by lenders, especially M.I. companies, they have relaxed the rules, but was a problem pre and post crash. seeing the increase in this activity seems eerily familiar,  like 2007 all over again. just be careful especially with your license, Disclose Early, Often, and in Writing, My license is too valuable to me to be involved in this type of transaction, so i steer clear. if my entity is on the contract, I am the one closing. period. 

Now that I'm between jobs, I'm becoming more involved in my properties.  

Depending on your tolerance for risk, I think there are always opportunities to negotiate with motivated sellers in and around Boston.Always happy to meet up and chat about Real Estate and connect with like-minded folks so let me know.Best,Cheng

By doing so you will get much better returns on your money compared to what you been getting over the last few years and you will also minimize your risk since your investment will be secured by real estate.

Doesn't this risk factor put us in the same boat as a hot market with low interest rates?  

Would love to do a 30-year, but I need to have it in an LLC, and even though I could switch it over after we purchased, I don't want to risk anything that would be construed as mortgage fraud.

Do I involve  lawyer?

This has slowed up the process a tad, but we are starting off slow and steady, and not putting any extra stress/risk on our business.  

Also remember, there is no reward from not obtaining risk, so don't be scared to take MEASURABLE risk.

I would not have bought this to be a rental property, since the numbers don't make sense.The risk of renting it out is that the house condition continues to worsen faster than we can afford to fix it, or yet more problems are found.