What has the property done in performing the last 6 to 12 months??

There's no one to really hold accountable for performance except a seller, a seller who probably has a financing contingency.

I have asked the tenant to run the water to see if it improves, but i also plan on going by and doing as you suggested with the water hose to flush the water heater. it appears to not be "too old", but i will need to keep an eye on the performence.

When you find a potential deal, I recommend having your realtor pull some comps on the property to determine the ARV before you perform your due diligence.

Shequann Burrwell you'll have to perform a double escrow.

Sounds like a use of funds problem, I suggest you talk to your bank, then other banks.It's all about your experience, ability to perform, getting deals/jobs done on time and on budget.Look for local private money, many Realtors will get involved, they may not be lenders per se but may do a deal.

I am currently trying to perform some wholesale deals to create some cash flow so I can get more into the flipping field (whichis my passion).

That with the real possibilty of you suing for breach/specific performance, and commissions being due should make him come around.

The alternative is "specific performance" which gives you the right to sue to force the sale.

I want all the cheap debt I can get because I can use it to buy much higher performing assets.