I just sent this thread to about 30 Mortgage Brokers, Lender Owners, Realtors, Loan Processors and Lender Reps, so they can read the posts on this topic as they would not believe me unless they were to see these comments on this topic.

Amongst friends and living in a community with more personal space, diverse economy, access to travel (roads / airports) and strong local culture (food / entertainment / socialization).

@Lodina Cokleywhen @Jay Hinrichs says unsophisticated don't read it as he's saying YOU are unsophicated. his point (and a good one) is that commercial properties are generally owned (or represented by) more knowledgable owner/investor/agents who will spot a wholesaler from a mile away. like both folks before me stated, they'll require a POF and scrutinize that even before reviewing a LOI.Unrepresented residential homeowners are generally more flexible with the terms because they don't understand the process or right questions to ask to check it's actually you making the purchase.

Like @Lucas Carl I had VRBO's payment processor alter my payments so I received them right after check-in.

Your PM should be able to guide you through the process. Or

Notes done right do not have expenses in 20 years you will need to replace all major systems in that rental to have any value.just food for thought..  

If you are up for slight delayed gratification and want to invest safely, especially at a  current market high, I believe my way will always win :-)Just a food for thought.  

Just basic things like a truck, fuel, food, hotel going to add up...

forget about real estate all together use your 100k and buy a business that you can run and make 30 to 75k a year in.a food cart  coffee cart any number of small business that you can purchase for 100k.. you will do something for income and you will make far more money being your own boss than any rental will Ever bring you.

*****I DONT THINK SO - MEDICAID Is going to ask where the house went - maybe they dont catch it right away but they will - *** family didnt appear to do any estate planning - they will need to spend that money on her careThe way I can put it if the family is wanting to get out of paying - and they think spending $3-6k or whatever amount is needed for her care is too much then they need to factor in 24/7 care at $12/hr + 15% for taxes, food, utilities, rent, insurance, outside upkeep, maintenance etc and add that up for a month and they will see what a bargain ALF can be