Wholesaling idea. Anyone done this???

[Kim Handelman]

Hi All, I am a fairly newbie. I've got one wholesale deal under my belt. I'm on my 4th DM campaign and I'm beginning to see a pattern. I target absentee owners. As I've crunched the numbers on possible deals I've realized that it makes more sense for a lot of my sellers to rent out their place. I live in an area where the market is still low (CT hasn't recovered as nicely as the rest of the country) but in my specific area rentals are hard to come by. I have on guy with a 3,000 sq ft house. He owns it free and clear but there is so much rehab to bring it up to the standards of others on the market he'd have to sell it at almost half what he bought it for. But in our area he could rent it for $2,300 a month and even though it's outdated, it would rent very easily.

Do any of you wholesalers offer property management to your sellers as second exit strategy?