Also, the seller pays the commissions at 4%-5%.Further, if you are using a Big 5 bank, they will expect you to have a 2-year working relationship with them as a business owner, (preferably in RE).

We have both houses and apt and have had many excellent tenants in both.

I like: Epic Real Estate InvestingReal Estate Flip TipsREIClub.comLearn eal Estate Investing/Lifestyles UnlimitedReal Life Real Estate InvestingReal Estate Investing MasteryNo Limits Real Estate Investing PodcastREIology Real Estate Investing SimplifiedSome of the above don't have weekly podcasts but the older ones are all excellent.

I am wholesale curious and recently came across a deal that is a SFH made into a triplex that looked like an excellent deal on paper.

I've been using www.erentpayment.com for several years, and their excellent customer service and multitude of features makes it a great deal for $3 per transaction. 

And you need to have a good enough relationship with the tenant to make sure he understands that he HAS to have the place in presentable condition.Sorry, I know it's not what you wanted to hear.all cash

I see that relationships are everything in this business and if I am offered to do a BPO I don't want to screw it up.

I had a customer whom I had a 5 year relationship that wanted to buy a $10 million house on Golden Beach.

The large developers I know already have relationships with banks and get better financing with a phone call.Aside from that - so a person is looking at 40-60k in rehab costs correct?

I told the realtor that this is going to be an investment, and that I am looking for an excellent location for a high re-sale value in the coming years.