Motivation.You search for motivated sellers.

I think @Nick J is on that side of town, you might search for the "Phoenix Bp meetup" thread to find some others.

Also, make sure you are getting genuine military issue MREs (there are a lot of knockoffs out there...you can find more info on how to check with some online searches).

I have been searching around looking for where I want to Invest.

.)- Do a search for A rated contractors in the category (say plumbing)- Start calling (~1/3 leave voicemail, 1/3 leave message with admin, 1/3 talk to them directly)- When speaking with the contractor directly I explain the problem as best I can and ask them what they think the problem is and what it will cost to fixAfter talking to several you will probably understand your situation better, so you will be able to better explain to the next contractor and you will also have a pretty good sense of the rates they are charging.

It will cash flow $550 a month.In the search for my first property, I also found a 7 unit (3plex and 4plex) that a local bank foreclosed on.

Get a title search make sure there are no other liens or problems with title.

Don’t be afraid to question the background search of the agent.

You'll need the cash to close, so if you need a transactional lender, you'll have the costs associated with that loan you'll need to pay.Then you'll need to pay for the closing (title search, title insurance, closing fees, etc) -- this might be covered by the buyer, depending on what you negotiate and what is customary in your area.If you have the potential to make $45K on this deal and aren't comfortable with these basic issues, I would suggest finding a more experienced wholesaler in your area who can walk you through the process for a small fee.

Also run a title search, ya never know lol!!