I'm just a new kid trying to do that first flip, make some money, and not make too many silly mistakes.

Hi all, I'm trying to get my first wholesale deal done - it's been a long process with the sellers disappearing for months on end. My attorney (first time I used him) insisted I put the "able to assign" in the contrac...

(Been there, done that and won't make that mistake again).I've never had anyone not rent because there was a tub/shower combo. 

I made a few mistakes by not listing all my requirements i.e. 3x rent, deposit amount, mandatory screening and application -but what I learned most from another BPr was to have a larger application fee, say $200 where only $40 goes to the cost of application but $160 is a credit towards deposit/first months rent.  

If I didn't have the money to loose or the cash flow to bail myself out if I make a mistake in a new area it would be more stressful rather than a fun learning experience.  

You would be totally responsible for everything, including having no back up if you made a mistake.  

While learning from others mistakes shortens the curve it is advised to get your feet wet as soon as possible

@John FedroWhile I understand what you're saying about "messing up", I've made and am making some of those "mistakes" right now.  

It is very easy to make a mistake if you have never done this in which case it may be very well worth your while to let a professional do it.

Bob, Thank you for correcting me, I learn by the mistakes I make, unfortunately.