I would estimate the fall through rate on a wholesale deal is much higher than a regular buyer, a wholesaler has a much better chance of not closing because they don't have a buyer, don't have the money, can't figure out how to double close or valued a property poorly.

Just to be clear, I'm talking about regular hot water baseboard radiators, just running off a domestic water heater instead of a boiler.

One book thats really cool is The Book on Flipping Houses and The Book on Estimating Rehab Costs by J Scott.J Scott is a regular here at Bigger Pockets and knows his stuff.

Does anyone here do this on a regular basis?

I do this regularly to find new buyers.I just tell them I saw a for rent sign @ such and such address, and was wondering if they are looking for any more investment properties in the area.

Having a 3 month opening in your schedule would be great for something like a rehab project - however keep in mind that you're just getting started (so there's a learning curve) and some projects end up taking more than planned (because of unexpected issues or insufficient planning..etc).It might make sense for you to partner up with someone who's been doing it for a while - it will be a great learning experience especially if you can spend most days @ the site.Another thing I'd recommend doing is seeing how much time you can spend in a regular day on real estate related activities (when you work) .

Just a quick post to introduce @Jay Hinrichs a colleague that has been a regular poster over the years on an Australian real estate forum.I am sure many of you will already know Jay and for the members that don't I am sure you will gain a wealth of knowledge from his contribution to this forum.Thanks for reading and have a great day.

They suggested I go to a regular bank.I have an account at PNC bank, but they are wrapped around the axle on the fact that I am: 1. participant 2. plan administrator and 3. officer of the sponsoring employer.Because I have no business accounts with them, they think they cannot do the medallion - its only for customers.

You can read it in their faces and their body language.

I'm interested in working with investors and rehabbers to use the MLS to locate deals and submit offers to distressed home owners on a regular basis.I'm new and green and hungry.