We could use the real referral tool, or even something as simply as a facebook page.  

Generally this costs more than finding your own guys.The problem is there really is no short cut of getting 3-5 bids if you  really want to know what it costs without having those trusted people already on board.

The wholesaler is likely not licensed to sell real estate for the seller and so the assignment contract may be the only way that they can legally sell the contract (versus the property for the seller).As a licensed broker, I have done it where we renegotiated out of our contract with the seller and sold to a buyer with traditional financing simply as an agent.

@Levon Janpoladyan, great in theory, but I'd be very skeptical of using Chinese manufacturers to build a home intended for America, simply because of a few recent hiccups.I think the better idea is to use modular homes built here in the US.

My current budget for any property looks like this:33% of revenue is my salary26% for taxes (purposely exaggerated)9% for property management7% for insurance2% eviction court fees cushion23% for reservesI don't know where I can cut back to afford a mortgage. 

@Tony VelezThe 50% guideline is simply a statistical observation: looking at a sample of rental properties, over time the operating costs run approximately 50% of the gross revenue.

@Ryland Taniguchi  I have done a lot of work with SDRIA custodians over the years and I have never heard of any of them prepping RE docs  ... it would be a normal escrow with your escrow officer prepping your DT and if they are able your Prom note.they then send to the custodian for approval. then they fund.Once the nice things about working with lenders that have a true check book IRA they simply cut a check to title and its much smoother than the custodian approach.

In the REI world, that means cut your losses, take your assumed appreciation now (before the mounting losses take that away), and move into an investment that makes money from the start.You're right, I don't think much of rationalizing how tax deductions (if it was a tax credit I would have greater appreciation for it), and a paid down principal (added equity that you can't use until you sell...so it's basically a trophy).  

Or he has listed it with no offers, or simply needs to close immediately?

He argued that since he was not the owner or operator, but simply the manager, that he shouldn't be held responsible for the property conditions.