Here are some basic numbers to give you an idea.Purchase price of 65k, with 175k left on the notes.

Basically, learn how to be an investor of anything that has a cash flow flow profile attached to it.

Basically, my partner can bring to the table a lot cash - something I can't.

The basic formula is supposed to be offer price = 70% of ARV - repairs - wholesale assignment amt (could be 5k could be 10k or more)So if you want to make 10k on a 100k house you'd contract it for 50k and sell it for 60k if it needs 10k in repairs.

We each have full time jobs, and have always filed basic tax returns.

Telco wiring does not have the same safety considerations as electric power; you can DIY the telephone wiring inside the unit.

It basically protects against a seller accepting other offers.

My understanding is that theCOO is more geared to unpermitted additions and obvious safety and building code violations.

But NOOO, he made take them all out & put in childproof (tamper resistant) recipticles.Again, I can see the point...safety 1st but why can't you tell me what needs to be done?

Basically, you're just going to have to go through 2 appraisals in conjunction with your rehab...so extra costs and headaches there.Ill post more when I'm further in.