Tell us more about what you're looking to do in the real estate business and please fill in your profile and upload a profile pic so we can better get to know you.http://www.biggerpockets.com/profile/basics

Basically at 1k rent, you are looking at $500 NOI to cover both debt service and any profit.

When and why did the Biggerpockets Pro and Pro Basics start to post to certain topics and threads?

The PA laws are not very comprehensive and is basically all stemming from the Landlord Tenant Act of 1958 which does not really include specifics so I am researching other states and found more comprehensive information about bailment but no such specifics regarding what's permissible to be deducted from the security deposits or not.If anything, the courts always seem to refer to other states' statues in helping define an area of law that hasn't been written down yet.

Thanks for airing out your feelings on being basically "afraid" to just start wholesaling.

They basically have to charge the same fees to everyone.

I WANT THE PROPERTY and have invested a significant amount of money to upgrade the plumbing, heating & electrical systems and replaced all the windows.

Basically,his contribution to this joint venture will be nothing but putting up all funds needed from start to finish and we split total profits 50/50 at close when sold.

I basically set an interest rate or preferred return on their money, usually 7-8% paid monthly.

What is represented now is basically the depletion of reserves.