That's the only motivation I can come up with for why he would want to owner finance, he doesn't need a lump some and who the hell wants 3% interest when he could easily command 8-10% for an owner finance deal...

However, now I'm motivated to get my losses back and get back into the game again.

All of those things will help you bring the price down to where you need it to be for a profit, while being honest and up front with a seller.The other part of that is knowing their motivator.

@Deborah Hill Daily call the MLS expireds create a new listing refer for a fee or a potential wholesale deal on those truly motivated for a quick cash closing.Paul

Whatever you write keep it to a minimum.Too many words will mean smaller text making it harder to read.Use high-contrast for clarity.Get round corners on your car magnets, this will help with cracking.

At that point, you can start to read about selecting markets, putting together scopes of work, how to find deals, how to find contractors, how to deal with financing, etc.There's a lot to learn, but if you're motivated, a few weeks/months here at BiggerPockets should give you the basics...

Finding motivated sellers is half the battle.

Within a few days of move-in I start receiving calls and texts from our neighbors that the two sketchy dudes that have moved into our house look like trouble and appear to be dealing drugs. 

When a new tenant comes, I create a new folder to share, copy docs over and paste the text from the last email.The one time I got asked about it (garbage schedule), I forwarded the email again saying it was there along with a whole bunch of other information.

The Quick and Dirty of Wholesaling Lease Options…Here are the basic steps:1) Find a motivated seller who wants to sell their house on a Lease Option…2) Get the property under an “Option To Lease Option” contract…3) Find a qualified tenant-buyer who has a good down payment and a good chance to get a mortgage in 6-12 months…4) Sign the Lease Option paperwork with the Tenant-Buyer…5) Assign the Lease Option docs back to the seller…6) Keep the Option Consideration / Deposit and give the Seller the first month’s rent…7) Put the Tenant-Buyer in a credit repair program with your mortgage broker…8 ) Deposit your money & move on to the deal!