(A house in a 200k neighborhood should not be compared to a house in a 900k neighborhood down the street)Look for properties with similar features such as size, year built, what sort of features such as pool and features such as waterview, etc.

Its a good read and will essentially give you a crash course on one of the main staples of a wholesalers business which is finding buyers for properties you put under contract.In fact, the entire wholesaling forum would be of great educational value to you if you are a newbie.IMHO @ a very high level your wholesaling business should look like this...1) Market for wholesale properties.

The main point I want to make is that these classes may not be tax deductible like you would assume they are.

A seller is looking at doing owner financing.I would be wrapping his note.Property insurance is not escrowed so that causes fewer issues.Sellers main concern is that we owner finance and in say 3 years I get tired and just give the property back to him.I am putting nothing down which he is fine with.Looking for thoughts and ways to make him feel comfortable with this issue.He owns other classes of assets besides apartments and is focused on them.I already own a bunch of other buildings in the area and told him I have staff on site so it wouldn't be an issue.This is for a quad building.Many investors buy with one thing in mind and then sell to you down the road for other reasons.Since I am a commercial broker I have multiple exit strategies already planned out for the property.

What is your main goal with investing?

Ground issues mainly, broken outlets need replacement.5.

They don't have a Blackberry app (not too sure who would really invest in creating one nowadays), but they have an iPhone app in progress according their their feature request forum.It has an integrated general ledger among other things (balance sheet, income statement, etc.) , can track/assign tasks/work orders, allow tenants pay rent, you can pay vendors and property owners, etc.

They could do both; however, the main key is that the rent must be "Fair rental value" (the going rate of a rental of that type in the area).Yes both can be done if you are renting for profit at market values.

My main goal is to become a great and relaible wholesaler and start to branch out from there.

One of the main things that needs to be fixed is our stupid tax code.