Typically wholesalers get properties under contract and  guarantee the seller a certain price.

Sort of like a guarantee of some payment for the effort he has put in so far.

Structure lease terms so you receive in guaranteed income at least a 20% plus cash on cash return with 20% down payment.

Without it you are guaranteed to never make it happen. 4)Don’t take it too seriously – it’s a lot to lean and that is why people never really get in to it.Good luck!

Considering the lack of disclosure, inspections, and other guarantees baked into a standard market sale it doesn't seem to me like buying a foreclosed property at a 4% discount makes good sound sense unless there is a way to get a competitive advantage in the space.So, in theory "yes", but ideally this space will cool off and that discount will grow to a more reasonable risk-weighted level 

So, sellers can also be asked to sign notarized affidavits personally guaranteeing the validity of leases and ledgers.So now, let’s get to the clause to include on your purchase agreement to make sure you get all this information in enough time to review it.Seller(s) agrees to provide the following to the buyer within X days of buyer’s satisfactory inspection, but in any case at least X days before closing: All rental leases, rent ledgers, tenant(s) valid phone numbers and email addresses, rental applications & supporting tenant identification, income and asset information, any documents corresponding to any ongoing legal actions pertaining to the property, leases, service contracts, etc., at least three (3) months of the most recent bank statements for any account(s) rental funds were paid into and any company or corporate tax returns for proof of income and expenses.

You will need to negotiate any added value for improvements.Using the CASH program may help you fill vacant lots - they will need to evaluate the park and your ability to personally guarantee such a large number of homes.You need to run a test advertisement to get a handle on demand for homes.  

Buyer pays sellers with a bank cheque (this is money guaranteed by the bank, so there are always funds).

I guarantee that maintenance, furnishings, and cap ex do not add up to 5% ($800/month). 

I have seen my share of old foundations and can just about guarantee you that I know a good deal.