If he is legit, then he shouldnt need anything from you up front (maybe a small $100 application fee at most)Use an escrow service.  

-The other says that it increases the appeal of the condo for someone who wants to live in it because they are not going to have a lot of turnover (i.e. consistent neighbors, other people who care about the community).Ultimately I think the limit hurts property values, but I am sure there are factors I'm not privy to.

I didn't really consider the timing of the increase which is a pretty important factor!

Chances are that there would be a monthly fee to report the payment that you would more than likely have to pay.  

I don't want any referral fee.  

My actual cashflow is barely $100 and it would be negative if I were to factor in all additional costs(i.e.

ARV - $660,000Rehab - $135,000 (He really spent $175,000 but that's because it sat longer than expected plus a few hiccups)Purchase - $365,000Based on what I've learned from REIA meet ups and about wholesalers, typically you determine purchase price and wholesale fee using the following formula:(ARV*70%) - Repairs - wholesale fee = Purchase price($660,000*0.7) - $135,000 = $327,000.

You will save on the HOA fees.

Company charge $30,000 on assignment fees, take another $80,000 in hard money interest and make the listback mandatory with $30,000 in listing commissions.

Finding properties that will cash flow is much easier with multi family buildings but the location is a big factor as well.