She had only called for an appointment to see the unit, she hadn't filled out an application, so maybe the word applicant isn't accurate.

Well, first you would need to get a Realtor license, that involves taking courses and passing a test, I am thinking a year for that, others could be more specific.

They have knowledge, they have gone to school, took a test, got a license, take continuing education classes and know local experts to advise them if difficulties arise.Does the wholesaler do that?

This is actually a real piece of property near me so the numbers are accurate to that particular property.

Brian, I look back now and realize that what I said wasn't necessarily accurate...

Credit bureaus have an agreement with subscribers not to delete accurate data.

That may not be an accurate memory, but I wanted to be sure I asked everyone here before I finalize the loan terms.Hope that makes sense and sorry for the confusion.

I work for the sanitation department and I've always admired houses for sale in my area (recently I have been guessing the prices of houses for sale while working, and then going home and researching to see how accurate I was).

I understand that unemployment is a major one and understanding what industry employees the workforce in your target area bur what are the metrics used during your "litmus test" of an area prior to going to work on getting it under contract?

It sounds like you've found a good deal (especially if you get a lender that will lend you the rehab $'s too or do interest only).For my 5 SFR's the only expenses I have are taxes, insurance, property management (on some, usually 0% of rent), and I throw $50/month for Misc (this number average out over 3 years has proved quite accurate for SFR's under $100k).My personal minimum would be $100/month cash flow or I walk.