Maybe the “student” deserves some blame, but the punishment, in my view is more than served by the huge failure rate in the wholesaling industry, coupled with the near total loss on the educational investment.All illustrative, of course.

The P/L is just that, it shows all profit, and loss (expenses.)

Focus on turning it around and getting it rented as quickly as possible to minimize losses.2.

As for what I had visioned - I would be managing the property myself from afar, while paying a local cleaning service to maintain the property.

Buyer has ability to close, so it's a smaller loss to have the complete the purchase before the market gets worse. 

The reason this matters is that your "active losses" can only offset active income.

Do they wait until the renter is gone in November to do the repairs, and if so, do they pay for the loss of income while it's unable to be rented?

I been planning to do real estate agent before job loss, but have got to it yet.

Other than potential liability and loss of income, none I can think of.

Thanks all for your help and guidance Hey Mike, first of all, i want to say I'm truly sorry for your family's loss.