You will have the opportunity to verify and conduct due diligence on the tenant as wellDeal returns are  35%/yr and/or approx $25225 per year Tenant option down payment total approx 5% ($23,000)Tenant is determined to purchase house in a 2 years time frame from you at a price of $480,000 Aug 2015 appraisal confirms value to be $460,000 and landlord is willing to sell at the appraised value of TODAY if it checks in lower than $460,000Landlord also willing to hold back 5% second mortgage if required to minimize cash investmentLooking to close before Feb 28, 2016 or sooner

Some of the advantages I may be able to offer you are: 1) Paying all cash.2) Buying the property in it’s “as is” condition.3) Saving you from having to do any rehab, landscaping, cleanout, or cleaning.4) Saving you from having to take the time to conduct, or hire a company for an estate sale. 5) Closing the sale very quickly, often in thirty days or less. 6) Saving you considerable time and extra attorney’s fees. 7) Saving the 6% real estate commission and attendant fees.8) Helping to move the process forward towards resolution.

You'll find that by the time you can do all the things necessary to wholesale a deal properly, you'll have the skills and knowledge as well as the ability to conduct business that you don't need to wholesale it, in other words, you'll have other options available to you to take better advantage of that opportunity.

Today, May 5 I found a n auction foreclosure in Virginia Beach that was conducted at 2:00 pm.

Conduct my 'due diligence' and review tenant records, taxes, etc.8.

I am venturing out into new waters here in two ways. 1: I'm going to be conducting two rehab projects at the same time.

Therefore, appraisals and Internet research of other properties is of minor value to your research.I believe in becoming a neighborhood expert prior to any purchase consideration.My mentors and experience have taught me to conduct thorough research and know more about the property, neighborhood, and target market prior to any purchase consideration.

I am learning to use public records on line and at the court house to conduct research.

The buyer would also be financing 100%.What's the cheapest way to conduct the sale - i.e. minimize closing costs.I'm guessing closing costs to be around $2-3k ??

Let's say a commercial brokerage pays me to conduct analysis on all of it's listings so that they could speak more intelligently to investors that come to them looking for deals.