@Ashish Acharya   thanks can you think of an example structure that would "mitigate these kind of situations?"

The fresh rehab usually means low capex.

And they would be able to go into the next deal with an all new basis and fresh depreciation.

Freshly updated and all clean inside and he refused. 

Start with Masslandrecords.com and choose the appropriate registry based on where the property is.Since you're in Dracut, let's use North Middlesex county as an example. 

@Joseph Weisenbloom... you had mentioned that fully rehabbed properties are going for $200K to $325K... that's a really wide range.If it is on the lower end of that and you'd need to pay real estate commissions when selling that's a much harder decision than toward the top end of that range.For example, if your costs of sale are 7% (which I don't know if that is normal in your market or not) and a sale price of $200K that's $14K in cost of sale plus whatever you need to put into the property to sell it.

Plus, you have risk of being a principal in the transaction as a wholesaler.One could (and some may say should), consider converting your presentation to motivated sellers to a listing presentation and not offer to buy it yourself at all.For example, with your managing broker's permission, you could get either a full listing contract and market the property properly, get your seller maximum dollar (whether that's to an investor buyer or owner occupant buyer).

For example, 2 or 3 bread and butter 3bd/2ba SFR can easily be purchased with $400k and will generate more cash flow than the townhouse.

I also have a question regarding Christopher's situation.Using your real life example Christopher - If your SFH is worth $150K, if you were to cash out and refi.

After all the time and cost of rehab, half the time you would be better off just buying a property that someone already did the heavy lifting on.Here is an example.