I by the way find it hard to believe you can buy this for 30k and resell at 100k and nobody has put in a stronger offer.

The ISP is tied to the rental unit and you just give them the information they need, saying you provide the WIFI for the rentals as an amenity.

You've tied up your $10 grand and are essentially getting $0 return for a few years as you pay down your overpayment which you have to do because you have to refinance.Again, if you can get true 30 year terms... then it becomes a simple CoC analysis (can it still cash flow at higher sale price enough to give you a decent return on your DP), but the moment you throw that balloon on there things get ugly.

But after my expenses lost $68,000 plus tied up my money for 3 years with no return!

The only downside is most wholesalers don't want to fund a deal they tie up.

Long, long ago, I got a divorce and what little money I had was tied up.

Here is a huge drawback: Why do you want to tie up all your cash for 3 years on one deal?

I have ties to Arizona where I lived for 10 years, and Indiana, where I have friends and family.

Mine was a deal from a newbie wholesaler who had tied up a probate deal.

I use a customized spread sheet which allows me to calculate the difference between cost of Short Sale vs Cost of Short Sale... with the average time to foreclose now well over 500 days, the biggest fear of the lender is to tie up the property for a year and a half in default... the SS is best way for getting around the time suck, and government interference...Take advantage of the tension between the servicer and investor...