Have you had any problems using this approach that you could share?

You have a couple of options, but it really depends on how you approach this.

I'm thinking you'd be approaching the illegal stuff that REI talks about using these methods.

If the money person is only bringing money, then I'd lay out all of the requirements for the property expected in a list and designate which of you will do what.

In terms of answering questions i was thinking that I would design a web page & arrange for an information sheet to be handed out in return for their contact details.

You still won't get the top rent for the market.More importantly, the tenant that overlooks the condition of the 30 year old kitchen is less likely to keep the new areas "new", so you end up redoing everything in a couple years anyway.IMHO, there is much more value in doing a complete rehab, with an eye toward minimizing future maintenance by design.

I ask only b/c if there are people making $50k on up doing wholesaling, they must be doing a similar approach.

Thanks RDMost all IRS forms are designed for an average person to be able to fill them out.

More so if you approach them trying to get a listing and then turn it into a buying situation.

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