Going back to intent,  a good and established wholesaler should have not so much intent as ABILITY to close.

The numbers seem to check out, but there still a lot to consider that’s over my head… What would you do in my situation?

Keep in mind the reason why it’s usually denied is because a lot of investors buy a bigger lot to in fact build more "investment" rentals on the other lots, but say it’s going to be a "new primary home" to get the higher LTV/LTC to build.If you’re willing to put 15% to 20% down you will not have that problem but if you’re looking for a 10% down or less it’s going to be a very "Hard sell" to the underwriter.

Hi Yulia, Best growing and less insurance is definitely North Port, Cape Coral/Port Charlotte more established better cash flow and more rent reliable.

It's a French-based EV battery company that will be establishing a North American HQ in Columbus. 

It seems that at least you know you have a lot to learn and you are on here seeking advice so that's a good start.

Let me know if there are any established meetups.

Converting your single-family home into a rental property involves several considerations to protect yourself and ensure smooth operations: Establish an LLC:Liability Protection: Holding the rental property in an LLC can protect your personal assets from potential lawsuits related to the property.Tax Benefits: An LLC can offer tax advantages, such as pass-through taxation, where rental income is taxed at your individual income tax rate.Insurance:Landlord Insurance: Ensures coverage for property damage, liability claims, and loss of rental income.Umbrella Policy: Provides additional liability coverage beyond your landlord insurance, offering extra protection.Deductions:Mortgage Interest and Property Taxes: Continue to deduct these expenses.Depreciation: Depreciate the cost of the property over 27.5 years, excluding the land value.Maintenance and Repairs: Deduct costs related to maintaining the property.Property Management Fees: Deduct fees paid to the property manager.Filing Taxes:Schedule E: Report rental income and expenses on Schedule E of your tax return.Separate Accounts: Maintain separate bank accounts for rental income and expenses to simplify bookkeeping.Lease Agreement:Solid Lease Terms: Ensure your lease agreement is thorough, covering rent amount, due date, late fees, maintenance responsibilities, and eviction terms.Legal Review: Have the lease agreement reviewed by a real estate attorney to ensure compliance with local laws.Tenant Screening:Background Checks: Perform credit, criminal, and eviction history checks on prospective tenants.References: Contact previous landlords and employers for references.Property Management:Regular Inspections: Schedule regular property inspections to ensure it's being maintained properly.Maintenance Fund: Set aside a reserve fund for unexpected repairs and maintenance.Moving Out of State:Communication: Maintain open communication with your property manager.

Established wholesalers who do this here jump through hoops and approach sellers as if their sole purpose was to help them keep their homes and never mention what they are after until after seller begs them to get rid of their property.

 I think newer, less established, and daisy chain Wholesalers often don't consider the needs of the end buyer (investor) when underwriting properties.