Those contracts tend to fall short when it comes to protecting the landlord.

Don't fall for the "cash flow= rent - PITI" myth.

The other two units have not been renovated as the tenants have lived in their units for over four years.A reputable developer purchased the building for a premium in 2008 to convert into condos, but with the fall in the housing market the units were not sold.

Don't fall into the trap of "this is easy money, just signup for my $10,000 course and you'll be rolling in dough."

Here is why:- You'll learn a decent amount about the process of a real estate transaction;- You'll get access to the MLS;- You'll learn how to comp properties;- You'll see how serious you are about real estate (the process of getting your license is tedious);- You'll have something to fall back on (being an agent) if the wholesaling doesn't work out, which statistically it probably won't.Now, if you can find a mentor, that's another great way to go, but given that there are so few successful wholesalers, I'm guessing your pool of potential mentors is very small.

So, if you put 20% down, prices fall by 10% and you're forced to sell, you'll walk away with nothing.

I get my realtor to market for a tenant4. tenant pays me consideration for option5. tenant is responsible for all repairs,6. if something major happens to the house, like a tree falls on it, insurance kicks in7.

They all felt like any questions would fall back on the title company or attorney for missing it.So I do not think the property can be lost, but again, these rules exist to prevent fraud so a lot of the outcome will be determined by what the investor is doing.

I've seen this argument before and most of the pure investors tend to fall on the "your house is a liability".

Next is due diligence, many properties fall out during the due diligence stage.