Keep in mind if you are doing commercial/portfolio/other loan types then none of this may matter…but for Fannie/Freddie it will.SCHEDULE CThe Schedule C portion of your personal tax returns is where most people file a business that is operated as a “sole proprietorship”.

I disclosed to my lender that the Wholesaler was making 5k so then it made me look like I was lying to my lender when the HUD clearly showed the Wholesaler was making 15 KI recently had another transaction where a Wholesaler renegotiated a lower price after the fact.I’m assuming that where the wholesalers have that ability to make that extra is that they are naming the price that the buyer is willing to pay and not necessarily naming the dollar amount that they are assigning their contract for so this gives them the leeway to keep trying to get a lower price from the original seller, even after the fact of going through the motions of transferring their rights to the property to a new buyer.

Big picture - buy properties in medium to high demand locations where you don't have to stress over vacancy or this type of question. 

Where do we see this race to the bottom?

I have seen 2-5 units having cap rates listed and I have seen 8 plex properties where the seller didn't have good books and there was no mention or even knowledge of a cap rate.

Where do you think all of those properties on the MLS come from?

Where is the disconnect? 

I'll definitely be figuring out where my current properties are thinking more strategically on future purchases.    

I just read a post where someone purchased a STR in a town that recently prohibited STR. 

Do you perhaps know where the checkbox for passive vs nonpassive is on Schedule E?