Remember he pays all costs/legal fees for drawing up th emortggae.You need a significant non refundable DP to cover your costs if/when he defaults.

Fees standards to do quick evaluations.

There's also a fee that is included in your loan with using VA.

The wholesaler collects a predetermined fee and you buy the property just like in any other transaction.

I was charged the appraisal fee yesterday, so we're hoping to have that deal closed in the next ~2 weeks.

I’m paying 3x the fees to get them closed- would love to find a way to save money.

If the property is truly below market and there is not a hidden reason why this is, then this sounds promising.

Not a big fan of including all the little fees in my calculations, legal, marketing, etc.A 2/1 in 'C' neighborhood rents for 1800 a month in Westchester? 

I think training/mentorship is going to be a big factorfor me, the commission split/fees not so much right off the bat - I know I can succeed, just need to get myself off on the right foot.Really appreciate any help/information on this!

No, the bank doesn't have any say in the transaction as long as the loan, arrears, late fees and legal costs are paid off before the sale.