So that they have a little on going skin in the game if they feel it is truly a good dealIn my experience I have not seen that.. wholesalers are all about getting paid up front.. end of that discussion.. many need the money to keep feeding the marketing machine and simply are not financially able to take back end profits .. thinks more of a used car salesmen mentality than a sophisticated JV partner

Also did you live in it for 2 of the last 5 years if so might be a good time to simply exit and get tax free 450k.. then use that money to buy a small mulfi family with 30% down so your not leveraged to your eyeballs.

@Serges Lemo You can simply extend the lease already in place.

I noticed the "big dogs" at the auction bidding on it so I joined in and ended up winning something I knew nothing about. 

I didn't, it was simply being young and wanting a house What was the outcome?

So why would I pay Roomie/or whom ever 7.5% to help me find a short term tenant when I can simply post for FREE on CL?

and if we can do 2 or 3 a month like we do.. its a no brainer. take the money LOL.. forget the rental drama.. but again this is not for most.. as they simply don't have the means to do this.

@Skyler Flintall I think the easiest way to understand Cap Rate is that the cap rate is simply your rate of return if you paid all cash for a property. 

What are some of the best books on explaining the terms of real estate simply?

It’s been an eventful year in the real estate landscape here in the US, full of challenges, surprises, and wins.