You should definitely see the last 6-12 months of actual performance. 

Still it shows even experienced brokers either don't understand or don't read the actual contracts.  

He is a seasoned contractor, and when I worked in that space, we have actually completed projects together.

I actually heard about the the Dinner with a Mentor meet up through Rod Khleif's podcast. 

Run actual comps to get a starting point for ARV and go from there.

@Dion DePaoli  f IRS redeems  then I think they have to make you whole plus statuary interest which I was thinking was 9%... but any improvements you do to the home past any that are for health and safety of the home would not be reimbursed.I have bought quite a few at the court house steps over the years with IRS liens I liked them actually because 99% of bidders won't bid on them because they cant backfill right away with their LOC or HML... this lead to some pretty spectacular deals in the day. 

There is such a simple answer (or 3 or 4 actually) but I'm not in the habit of giving advice to people that are disingenuous and not willing to be ethical in their dealings with others.  

That being said, you'd sure better trust that they actually pay.If you're talking about contracting w/parties and wholesaling; In WV, my understanding of the laws is that all transactions concerning an interest in real estate must go through a licensee and a closing attorney. http://www.wvrec.org/Law.pdf

I actually do like the MLS in some areas for the intermediate size properties (i.e. 6-12) but, at least in my market, anything smaller is not likely to be a deal.  

you need to ask yourself if you want to actually be a landlord, have you done it before on this scale?