What everyone fails to recognize is that Brandon can not prove his income, thus he is most likely to be stated income.

The advantage is that owners are motivated, most of the time, not always.Yes, the law recognizes that motivation and vulnerability and has "wrapped it up" to protect lenders and consumer/owners.

Here are the numbers for this home 3bed/1bath with nice shed, fenced in yard:purchase price $60,000 CASH (seller pays closing)square feet 1047repairs: floors, HVAC, cabinets, painting ~$15,000holding costs while rehab is completed: 500Total investment: $75,500monthly rent: 800   -    yearly rent: 9600vacancy: 800Maintenance and CapX fund: $1,600/annualtaxes: $1435/annualinsurance: $900/annual (is 75$/month a reasonable assumption)I will manage the propertyI am looking at annual cash inflow of $4,600I recognize this return on equity is only %5.7. 

They had their infrastructure in place and were ready to pounce on something that fit into their strategy and did so.In a competitive market being ready to act and knowing what you are looking for becomes paramount and due to their upfront research on the market they recognized a good deal, in a good area and I was happy to help them along the way.  

I do agree most wholesalers do not have a clue of what they are doing but what industry doesn't have a weak link.Carelessness, misunderstandings, and the inability to recognize and act on a good idea, creates opportunity for the next man.

Be able to recognize a deal and act.Good job.

I am pretty familiar with the deal analyzers and recognize the effects of the various criteria, but I would like to develop a script that elicits that information without sounding cold and formulaic. 

I recognize that we are all locals in our own markets.

I like creative problem solving on problems that are solvable, and getting the experience to recognize those that can't.

@Dee Miles I knew I recognized your name.