He himself will almost certainly not qualify.

Your question of "does the product exist" is a yes, but the better question might be "will the property cash flow at a 1.0X or better at 15% might be the more appropriate question. 

Plus, these properties are usually sold as-is, so an inspection wont change much.What experienced Flippers Do InsteadBring a Contractor Instead A 15-minute walkthrough with a good contractor will tell you what you need to know.Know Your Numbers Upfront  If you price in a repair buffer, minor surprises wont kill your deal.Use the Inspection Period (If Allowed)  Some wholesalers offer a short due diligence window use it wisely.When an Inspection Makes SenseIf you’re new and not confident in spotting costly repairs.If its a high-end deal or potential structural issue.If your lender or partner requires it.If you do need an inspection, find an inspector who moves fast and work directly with the wholesaler to coordinate access.

Let her sell it as she won’t have a taxable gain which you will have if she gives it to you and you sell.

We will also gift them a 1% sometimes for a birthday gift.

I am looking into a company right now that does rent guarantee insurance and also does in lieu of deposit will issue a bond that the tenant basically gets charged a monthly fee for.

@Andy Ptak when jumping into the industry you have a few choices:1) Start at the bottom2) Leverage your experience to convince someone to give you a chance3) Decide between:--- Big companies who will usually start you at the bottom--- Small companies that will more like to a chance on hiring you for an above entry level position.

Usually prospective tenants that agents bring to showings will be more qualified to rent in my experience.

But that frustration will kill you.

What will happen if she is late with rent or loses her job and can't pay rent for a few months?