Insurance and taxes are next to nothing when adding a mobile home, less than $300/year total.

Are you willing to risk becoming homeless?

A gives you better tenants, less risk, newer home, less repairs, etc..

I've already told her that we turned them down because he didn't pass the background check and she jumped in immediately trying to explain what his charges for, then told me they were homeless and that we couldn't discriminate against section 8... what a mess.

Personally,I would be prepared in this situation with a rental moving truck from U-haul and an offer to take their crap to any new place they found to live or a storage unit rental in case they are going to be homeless till they get their act together.Pay for the first months rent on the storage unit and the truck.It is well worth the minor expenses compared to them destroying the interior of the home you were trying to save.I sure as hell wouldn't want to meet with them alone days later after kicking them to the curb with no place to go.That's a dangerous system they have there.

This is actually incredibly important in places like NYC where you can buy an Investment property that you think is great at a reasonable Cap Rate but failed to see that it is right next to a high crime or undesirable area such as next to a homeless shelter.

@Chris Mason,@John Thedford touched on it: the time, effort and expense of getting licensed, not to mention the disclosures which will then become mandatory, the continuing education requirements, connecting with a sponsoring broker, office space expenses, marketing expenses and other expenses which come out-of-pocket before one ever sees a penny of commission, ...Most folks looking at wholesaling are staring bankruptcy / homelessness in the face.

Obviously, stay away from problem housing complexes and various homeless shelters strewn out all over and try to get closer to the Subway, particularly the A-Train at Nostrand.Unfortunately, most of those properties will be hitting the $2 Million mark for a 3 Family.I also want to point out that no matter which year of my 2 decades of Investing here in Brooklyn, I have been told by MANY Investors that NYC is too EXPENSIVE.

There are streets on the east side that literally look like war zones--extreme poverty, entire blocks abandoned and taken over by homeless and animals, etc.That being said, that apartment is pretty close to the "Waterloo Arts District" which is a pretty trendy neighborhood that I could see further gentrifying quite a bit in the near future.  

Daytona area has great opportunity, but homeless people and thugs have taken over the area for years ruining historic homes, home that if redone could go under historic home list., if they cleaned the area there would be lots of money to be made, but it's a gamble if it will be done.