This is the preferred strategy since it incentivizes your PM company to fill it as quickly as possible so they actually start receiving revenue from your property.

In addition I also offered cash and a quick closing timeframe.

Also my area has a low volume of available units which generally means it’s easy to get vacant units rented quickly.

Any required notice would be removed quickly (usually) if occupied. 

I did a quick google search for cap rates on apts in Muncie and I got a range of 8.13% to 9.50%.

Quote from @Rich Davis: Read the HUD guide.

If they are professional, they can explain this quickly and easily.

With $130k, I'd consider the BRRRR strategy to recycle capital, build equity, and scale quickly.

That is a harsh reality every wholesaler has to face sooner or later.. well when you buy a property for 26k and you flip it for 75k real quick.. some seller just got ripped off big time and the wholesaler basically had to fib to the seller that they were paying market.. your basically stealing some poor sellers equity.. bottom line..

Quote from @Rich Hupper: The other funny one is when a first time buyer comes to me with their fha loan and says they want to find a "deal".