To your bank account question - yes, absolutely.  

Once you get into multi family though, you absolutely need it. 

However in dollar terms that comes to an absolute amount of $15k which is quite a discount to listed price

Most of these developments are designed in absolutely disgusting ways.

When I was wholesaling this was the part that I absolutely hated, except in my end I was receiving the calls as I did a mail campaign and people were responding off of that back to me.  

HELOC's are the absolute BEST way to get cash fast in you need to do quick deals.

For those that don't know, absolutely beyond a shadow of a doubt you can be required to raise houses that are on slabs.

The lender that I've found absolutely requires that you have an entity.

I like that the money keeps coming from the same place then.Account Closed Absolutely, 100% agree with you.

We mail to:Non-owner occupiedLast market sale date prior to 2006 (they've owned the house for 10+ years)50% equity or more45 years or older (old people are more likely to sell)..and a few more criteria.Even by getting way more specific in your mailing criteria (bedrooms, bathrooms, neighborhoods, square feet, etc) by mailing in a major metropolitan area, assume that these homeowners are getting absolutely BOMBARDED with direct mail.