Sounds like if you know and follow the rules you should not only be OK but pretty well insulated from competition (people swarming in and oversaturating)

Commercial lenders are not playing by the same set of rules as conventional lenders.   

Some states have outlawed wholesaling because it straddles the line, some states have rules about how you can and can't market wholesale deals, so be careful here.

The under writing doesn't carry for a 1.25 DSCR which (at the moment) is the golden rule for banks and commercial hard money lenders. 

It seems like it should be a fairly straightforward answer. 

You can hit the 2% rule if done right.  

Kudos to him for doing it, but his rules and his dogmatic approach is also the same thing that made Open Door Capital a horrible venture because they skip over being pragmatic.

I have seen a tax attorney on YouTube specifically saying you can take a full year of depreciation even if you buy in December but all I see in the IRS publications indicates that you have to prorate based upon the time it was available to rent.is there a rule I am missing?  

I have included snippets of your message and my replies or comments in bold.What investor meetups I should attend- BP rules prevent posting outside events/meetups here.

If the process is straightforward as you say, I’d start the eviction process right away.