If you’re looking to sell it for top dollar to homeowner, I would suggest finding a realtor that’s familiar with wraps.

He started buying them around 10 to 15 cents on the dollar.

Out of COI deals requires marketing dollars.  

It told me I could, of course, handle these contractors because I PM'd multimillion dollar developments.

It actually isnt horrible depending on how much your taxes and insurance are, and if you are willing to buy the rate down to make cash flow within a few hundred dollars of your existing mortgage.  

The apartment condo go to 1.5 dollars

Just know the LLC's exposure is the real exposure so if you have 3 $1million dollar properties all paid for, you're exposing that.

The more investors you have in your pipeline, the easier it will be to close deals fast.For finding properties, you have a few options: driving for dollars (looking for distressed properties in person), sending direct mail campaigns to property owners, or joining an experienced wholesaler to learn the ropes before going out on your own.

For us its simple math, if we can sell it on the secondary market for 90 cents on the dollar, lets offer the borrower 5-10% discount to pay off the loan and we still win and the borrower also wins. 

Some folks might have far more retirement dollars than personal cash, thus more likely to lend from their retirement account.