Do some investors buy sight unseen based on cap rates?

I've been amassing the info necessary to have a decent grasp of the principles required and the tools to be successful in wholesaling, to start.

You'd essentially be losing 2% on the spread, not to mention that technically your amortization includes some principle, which means that your second month, you will earn slightly less, and the 3rd month slightly less, etc., causing your negative spread to be even greater.On the other hand, you could try to pick funds or stocks that yield higher and capture the spread.  

Simple - just be generous with yourself, and assume they'll trash everything in sight and steal the appliances, cabinets, plumbing and electric. 

(www.realestateexpress.com) I'm in Southern California also (Pasadena) so my road to licensure includes three 45hr college level pre-license online classes (California Real Estate Principles, California Real Estate Practice, and California Real Estate Finance).

Is he or she just looking for a sucker to unload this lemon on, practically sight unseen?

Don't mistake this for loosing sight of the number, just don't make it all about numbers.  

Naturally that would incur lawyer fees.On principle I don't want to pay this guy off but as a business it might just be a smart thing to do as a cost of doing business. 

I have coffee with a buddy I met on this sight every 2-4 months. 

@Mike BarryYes, your income will be lower both for tax purposes and for loan underwriting purposes.Lenders look at your ability to pay back the loan, and stashing money into your retirement account does limit the money available for repaying the loan.That said, declining to fund your 401k just to qualify for a loan may be short-sighted.