Generally, those homes have some sweat equity but from an investor standpoint for a flip, it's not worthy.Should they not get snatched up within that period and becomes "open to all bidders" then it's fair game.

I'll exercise option and buy you out before the end of the option period no matter what."

If you find any other means of borrowing in a shorter period of time, I'm all ears.

On my periodic inspections I sometimes see candles set up decoratively inside the firebox and stockings hung by the chimney with care.

If I wanted to guarentee income for a short period of time to pay down debt, that is what I would do.

Is it common for a wholesaler to put down a $10K EMD, with a $6K Option period fee, if I'm not even the guy who's going to rehab the property?

The buyer insisted on using attorney because of the extensive repairs ($130K in repairs) that will occur during the lease period.

This could be something like an inspection period (i.e.

Debt to Income - DTI - is only use on FHA, conventional, Va and other typical residential transactions (consumer front).If you're going to a portfolio lender they look at lending from a 1.25x DSCR point of view (industry standard) which in essence is a 80% Debt to Income if you think about it.1 dollar of debt / 1.25 dollars of net operating income (NOI) = 1.25 X DSCR = 80% DTI Never the less us bankers joke about it all the time because it might be crazy from a residential loan officers point of view but in the banks eyes its not from a commercial point of view.The commercial bank views income property as a consistent sustainable source of reocurring income especially in stronger rental markets so having 1.25 dollars of net income coming in for every dollar of out going debt service payment is acceptable.The mess with this 1.25x they will sometimes make you conform even while subjecting you to underwriting at higher rates, shorter amortization periods, and other income adjustments that make it harder to obtain 1.25x.

It helps me to stabilize the property because they tend to stay in the rental market for a longer period of time.