It seems to me there is one extra person in the this equation....I would think if I'm paying for a lead that leads me to a deal I close, that lead should be with the actual seller and not another wholesaler if I'm doing all my own negotiations???

Essentially a listing agent with list one of these short sales on the MLS to get the process started with the bank, I contact them and ask if their investor is willing to wholesale the deal, the listing agent gets an extra $1500 referral fee from me, and then the other investor gets a top wholesale fee without having to the rehab and deal with all of the issues associated.I think it would be a win-win-win for all parties if the investor is interested.

(if so, you might be able to get credit for the permits that were paid)Once you can answer those questions, you'll be in a better position to decide on whether or not it's a good deal.

No complaints, no reason to do extra work.

The extra time finding a tenant upfront will result in less headaches and possibly a long term tenant.

We only made $13k on that house and I split the profit w/ my partner...I probably spent 120 hours just doing manual labor + management of an extra 10 hrs a week during the rehab...so around 200 hours... $6500/200=$32.50 per hour....not bad, but not enough to quit the day job!

I have pulled the demolition permits to knock down some walls and also listed myself as the contractor.

Then use it for buying notes and or lending.As far as the age old question, again, I don't believe in handing over to Uncle Sam anything extra and taking the full early withdrawal and getting hit with the tax plus 10% penalty is Not in my best interest and would suggest not in your either, but certainly great from the IRS standpoint.

I wanted to have a Maui "Cruiser" that I could leave on island to avoid the extra expense of rental car...but the owners charge $15/day for parking onsite.

. $600 extra a year on this rental sounds good to me and it is still competitive to others around.