I factored in misc. repairs and pest control but used 3.5% for the rate putting 20% down.

Less than a year ago I was saying "single family primary residence rates can't possibly drop into the 2s, you've lost your mind!"

Cost me 26k in lost rent and damages.

Another wholesaler would tie up your original contract and try to find a buyer, you would no longer control the deal.If another wholesaler already has a buyer then have them put down EM with you before you assign and make sure their buyer has the means to close.

I have lost deals over financing, so if we have multiple offers, that's one way to weed out. 

Qualification involves being both self-employed and having no full time employees in any business you control.The Checkbook IRA LLC is also a great vehicle for diversifying retirement savings.The best thing to do is speak with a few professionals who offer checkbook control plans of both types and determine what the best fit for your situation both today and for the long term may be.

@Sarah Wilson-Britt, There was one meeting in John's Creek but I've lost track of the info.

That gets him set up in a new place in the area, but gives you back control of the unit in your building.

@Marissa Miles I don't like condos and townhomes because I don't have control over the fees.

Personally I want to see a sponsor that has gone through at least one full real estate cycle with little to no money lost, uses conservative leverage and projections, put significant skin in the game and has competitive/reasonable fees and splits.The thing is that the majority of these really experienced sponsors have built up very enthusiastic investor bases over time, so they are generally not going to crowdfunding sites (where they would have to pay an extra fee) or spending time on forums.