@JEFF D. wish I could be more helpful to you, I have bought and sold 2500+ units and never had to do a Phase 2.As you finish out your due diligence period, and assuming you will sell this asset at a future date, a Phase 2 could limit the number of buyers in the future so give this 12 unit deal a real close look to ensure it is a solid deal.Good luck!!

Buyers seem to like the look.

Sometimes buyers purchase a distressed situation at a good deal and consider it a transactional cost.

This would also allow us to not have the property change ownership and we would be able to sell right away to an FHA buyer while avoiding the anti-flipping rule. 

Also, often times 1031 buyers and foreign buyers

She said, "yo monkey butt.. if you can get it sold I am all with it".I say, fanfriggintasticI had 3 buyers show up for the inspection, all 3 gave us full offers, BOOM, 18K for moi.What can I say.

@Gray CatoYou're welcome.Here is a gameplan if you want to use direct mail to find deals:1) Attend your local REIAs and network, you need to build a buyer list of investors that will buy your properties and network with other people in our industry.

Was the seller aware you were wholesaling it, and showing it to potential buyers?

I am an aggressive buyer in Cleveland area and looking to purchase apartment buildings.

Cash flow followed by value add.SFHs value is driven by home buyers so I avoid them entirely.