I wouldn't discount the rent for a two year lease.With a one year lease they would likely see an increase at renewal, I might agree to forgo the increase for a two year lease.I get why some like month to month leases but once you get enough properties the general predictability of leases of at least a year start to make a lot of economic sense.

@Dan Vleck"unless you buy 1800's pigs or overpriced duplexes" would make a great line for a country song.

There is no substitute for going into and seeing the specific condition of homes. 

- and so on.. what ever they say - write it down.Sorry for going on and on... 

I'll also mention as a newbie wholesaler with no money, you need to stay away from those in foreclosure, that's a mine field of trouble with federal laws having teeth.If people live in a place, you need to have a good idea of who the buyers are first before you go sing you song to a homeowner, if it's empty you'll have less issues and more time to go beat the bushes for a buyer.

And while that's nothing to sneeze at when you couple that with item 1 above it kind of says may forgo the 1031 on this one.3.

I take existing songs and write new lyrics.Here's one a liberal might be able to use next year:Bye Bayh BirchBye Bayh Evan tooHello Dan Quayle III think I'm a-gonna cry...

They convert into free loaders, game the system to live for free as song as they can. 

If you don't want to divulge that information you may have to forgo getting a loan.

I really admire you for going into farming.