Ask the manager to explain their process for dealing with maintenance, late rent, evictions, turnover, etc.

You could even have more than 2 if the properties are cheap.

@Gladys Cepeda It is always a tough situation dealing with an unprofessional HOA board. 

Your cost per deal will likely be lower if your converting your prospects.

Perhaps they would entertain it as part of the deal as a cashflowing rental for them?

Feels like no deal at the moment.

Most of the time, it's not one big thing that cancels the deal.

From there you'll need to determine Debt Service (if it's a financed deal) and Capital Expenses, to then calculate Cash Flow.The Cash-on-Cash Return (CoCR) will just be Cash Flow divided by the All-In Investment (Purchase Price + Renovations + Closing Costs + Wholesale Fee).If you're wholesaling these deals, I recommend you aim to offer your buyers a Cash Flow of no less than $250/mo and a CoCR of 10% or higher.

I do not really have the desire to buy more unless there is a really good deal that comes along.Some people tell me that if I pay off my mortgage early then I will be able to leverage the tax benefit of owning and paying mortgages properties.

I'm looking at approaching it as a sub to deal or creatively. but either way the seller needs to go. anyone dealt with pre foreclosure PCOA before?