So late 2012 we finally found a place, bought it with my own 20% closed in Nov.

I used the search feature but was unable to find anything and using the keyword alert didn't produce the results I'm looking for.

Just tell him you'll sign the Assignment at the Title Company when he produces original PA with the seller.Once you trust the wholesaler, then you can sign and give him the deposit for the title company (again, not in wholesaler's name).I anticipate at least one wholesaler will disagree with my post, saying they demand a non-refundable deposit in their name or you can pound sand.

go to junior college & then get your degree. that will give you the best shot at getting a decent paying day job. if you've been reading like crazy, you can handle college.wholesaling is just some sexy sounding commission job which 99.9% of the time will not produce a sale for most people Most people I know try it for about a week or month all gung-ho, get not leads, & give up.Now can some succeed?

Interesting you mention baby boomers and their homes...staying on the topic of my mom, she has way too much house for what she needs at this point...she's an empty nester in a 4K SF home...her plan is to sell the house and roll the equity into an income producing asset...another reason I think commercial real estate could see a boom.

The numbers I have run though it still produces cash flow.Also the owner is willing to owner finance, and not require 20%+ down like I would need through a bank.

I know there are some great boot strappers on BP that have started in the game through innovative strategies!

I think what battles against that fear is that a lot of these methods have been proven, and also there are some different and innovative ways.

@Martin Zawarski intersting and innovative thinking.

Luckily, the cash flow is pretty good and one vacancy will not produce a loss for the month.1) Is there anything I can do now to protect myself from inheriting a non-paying tenant?