This is a very good practice in a world and age where everything is electronic.

That's 11% cash on cash return.I wouldn't turn two 1BRs into one 2BR unless that doubled the rent I would collect.

In practice, the IRS does not really care whether you claim these things as supplies on your Schedule E or just lump them into your maintenance/cleaning expense on Schedule E.When you depreciate the rental unit, you need to determine its depreciation basis.

I am ready to begin wholesaling here in KC and would like some advice on best practices when starting.

As long as you business practice is legit and honest.

(Realtors) identify and take steps, through enforcement of this Code of Ethics and by assisting appropriate regulatory bodies, to eliminate practices which may damage the public...

You can collect a decent lump sum up front and charge a premium where you can cash flow 200-250$ a month, then it would be worth it in my eyes simply b/c they will take care of the property better than renters and I also don't worry about the repairs or broken toilet calls at 2am.

In New Mexico servicing the contract is called "escrow," but in other states it is "account servicing" or even "contract collections."

The guys and gals who do what people have done for hundreds of years and follow normal business practice and think of creative ways to make the most money they can, there are those who read and do nothing, and there are those who are all about the flashy programs, mentors, and scams (you).

I thought the whole idea of a sandwich LO was to give the seller a small option payment and collect a bigger one from the buyer.