Essentially he said the offer needs to be close to market and the banks don't consider the rehab costs either.

So, if you buy a property for $50K, you won't be able to sell it for more than $60K within the first 90 days.As a wholesale, this is probably okay, but it's something to keep in mind.Other than that, they can essentially be treated as any other REO property...

I don't know how much you know already, but understanding ALL the expenses of flipping is obviously essential.

You're essentially bird-dogging the deal.

There are some excellent companies that are QIs and it's essential that you perform due diligence to be sure you select a QI that keeps funds in segregated accounts and has excellent security mechanisms in place.

Such a contract is essentially worthless.

You have to determine if they are stable businesses that provide fairly essential services that can weather a prolonged recession.You have to plan for the worst and hope for the best.

You will have essentially no powers, much less the draconian ones you seem to desire

I know these are essentially two different question but I figured this was better than two separate threads.I was wondering how much time is necessary to devote to REI and how you manage your time between investing and another job or other commitments.So what is the time requirement for trying to run positive cash flow rental property.

Would it be a good idea to already have some business cards made up and what the hell would I put on one if I did (considering I have essentially zero real credentials)