Financial Data – I have created more detailed spreadsheets to model this out but here is a quick overview.Price: $150,000 (thats what I would probably offer the owner)Renovation: $525,000 (units) + $75,000 (miscellaneous items)Total Cost: $750,000Pro Forma Rent: $277,200Expenses: $138,600 (estimating 50%)Net: $138,600Cap: 18.48%Obviously the above numbers would be excellent.

53 years of age, a former trombonist/composer in Canada for 22 years, now a full-time hardware store employee, photographer (one fashion shoot to date, but I'm trying!)

Don't know Michigan statutes, however if you're concerned that guy will continue to gripe, the ultra-safe, conservative approach is to hire a 3rd party to photograph and inventory each room's contents and have them remove and store off site.

But the learnng, experience and lender familiarity will be well worth it.The local REI Clubs is a good place to find a partner/mentor.Sounds like you have an excellent start.

We have a 2002 model with 45,000 miles on it, and it is an excellent little car, and the hatchback makes it far, far more useful than most small cars.

You will get excellent information from the presentation and learn about opportunities.

Also there is a thread where @J Scott has a excellent report where he explains getting the correct ARV.

Lookup the excellent blog posts about "are you cut out to be a wholesaler" it captures the skills needed to be successful: tenacity.

lol - only kiddinFINANCING, FINANCING, FINANCING - and the risks involved - how creative can you get - where else can you get money to fund your investmentsexit strategies - what and how to accomplish it - specificallyformulas - EXCEL - learn it, it's a great toolCash Flow Analysis - the real dealProperty AnalysisSeller Information - how to get itMarketing - the fun...but expensive stuff - oh and how to find free avenues for marketing your properties or businessto me, if you spend 6 months doing mock offers, tearing one house to shreds, on paper and really giving a realtor or two hell and improving on your own sheer noobness - it will pay off in spades, rather than get into something way over your head.

well whoever wrote it.......it was an excellent story