When our clients bring us wholesale deals, here’s how we help protect their interests:Deal Analysis – We evaluate the numbers to ensure the property aligns with the client’s investment goals.Secure EMD Handling – We require the earnest money deposit (EMD) be held by an attorney or title company—never the wholesaler.Renovation Support – If the property needs work and our client lacks a general contractor, we refer one from our vetted network.Wholesaler Due Diligence – We verify how the wholesaler controls the property, especially if we haven’t worked with them before.Transparent Fee Structure – Once the contract is finalized, we include a line item for our fee so everything is clear and documented.This approach ensures our clients are protected and positioned for success, even in non-traditional transactions.

Hey David — welcome to real estate investing and congrats on making the leap toward something you control.

Looking to see if this deal makes sense.Concerns are: In a very small town with a population around 1800ppl but slowly growing But could limit renters, management, repairs etc.Zillow also shows a decline in the property over 200k in the last 2 years (trust this) We would be financing the deal and tried to be conservative with the numbers. 

Even once the temporary work moves on there is often still a need in these smaller towns where these centers are gettign built at least in our market for more permanent or long term housing. 

But to answer question STR has worked great in towns with close proximity to train lines. 

You might want to look into "Checkbook Control" where you create an LLC and have your IRA own the LLC.

I agree, the AI generated comments and posts are out of control

In other words if you look at a certain horizon (5 years, 10 years), that Seattle property might do better than other markets.The wildcard with Seattle is rent control.

Please advise on this deal:Off Market single family home: $399,000 Where: Northern Michigan (2 miles from Boyne Mountain Ski Resort, 5 miles to beaches and tourist town)Loan Type: conventional, fixed rate, 20% down, 30 year loanInterest Rate: 8%Monthly Payment: $2812.18expenses:Gas: $1200 ANNUALElectric: $1850 ANNUALInternet: $768 ANNUALClosing Costs: $7784.60*This is an off market deal with no other offers currently.

Quote from @Hannah Sillars: We're buying our first STR (an existing one in our town) and I'm planning the interior furnishings (and making all these purchases).