Most pick the lowest rates or fees, then when thr loan goes sideways they dont understand why.

Certainly, you will have less profit but you won't "lose" money unless you pick the wrong property or the wrong property manager.  

@Robert Naucke JrTell him you will sign a simple non-disclosure.

Depending on the market you go with or which provider you pick, the returns could be different.

This will allow you to actively pick parts of wholesaling that peak your interests and weaknesses that you can improve on.I would also recommend reading "Investing in Real Estate with No (and Low) Money Down" from BP.

Please click on the links, give them a read, and share your thoughts in the comments.First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bpThe second is a post that will help get you focused with your real estate investing goals:https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciatedThe last one is a post that will help you choose an “investor friendly” real estate agent.

Also not sure if your condo has many requirements for tenant approval and abiding by rules for any short term rental so do you find it be relatively simple to handle from another state?

All of your earnest money should come back to you if you want to walk away.The appraisal may or may not pick up the same issues.

Hi guys hope you all well and growing your business.I usually buy single faimily homes from the auction at low price since they need tons of rehabs (the ones I pick), Im trying to implememt the BRRRR strategy, contacted couple of banks the problem is since Im trying to refi in less than a year they would give up to 70% of the purchase price and no apprisal at this stage (onw bank offered 3 months delayed purchase I think thats whats called but not sure).The problem Im having is they depend on the purchase price which is low as compared to the ARV and wont send appraisal till 1 year and I neither have lots of cash to keep in one or two deals and wait for one year nor do hard money.Trying to refi as soon as Im done with the rehab if possible which most of the time takes me 1 month max on average size house.Any recommendations would be appriciated.Wish you all the best of luck. 

I’ve located a few good deals and wonder what the most efficient strategy is for picking my first.