That doesn't mean it cannot be done with free-and-clear homes, but the seller probably won't have much desperation and subsequently won't be motivated to sell on those particular terms, as they are only paying the TI of PITI.  

They will come, and you will get deals, because I can tell you genuinely want to help people in desperate situations! 

I have a friend who is desperately trying to sell their house.

Almost coming off as desperate to get the places rented. 

Lesson: Do not ever, ever, ever rent out of a sense of desperation or simple need to lease the property.

I'm hailing from Hanford, CA, and desperately want to connect with Kings, Fresno, or Tulare investors, contractors, handy-men, ANYONE involved in any way, shape, or form in real estate investing.

Deals have been closed with desperate sellers that had to move urgently and with unmotivated sellers that were just shopping their house around fishing for offers.

You're probably not the first wholesaler to make an offer on this property, and certainly not the first one I've dealt with this month, or week.Wholesaling usually depends on either some ignorance or desperation on the part of the seller, and they're not being represented by an agent who recognizes the game.

If you are not desperate for a tenant and have not had the property available for long why not wait for a few more applicants and then pick the most qualified?

There is a desperate need for risk based premiums, I owned an inland home that required flood insurance and my policy cost was the same as property that was on the high risk coastal homes.