(Ok not true but close).

Wholesaling is portrayed as an easy entry into real estate, but that's not true, so don't fall for that.

I like to share this story as a cautionary tale and while nobody has a crystal ball and can predict the future, understanding the end goal can  help investors understand  whether they invested in a market that can reap the true benefits of SFH rental ownership or perhaps point them in that direction. 

While that was the case in the past, isn't it true that is not the case today?  

It's a political speaking point directed to be regurgitated so politicians don't have to speak of actual true "why" to rents. 

@Russell Brazil makes some great points as always.Often times wholesalers will make the claim that they are selling contracts, which on the face of it is true.

However, if all else holds true and you can get it for 110k and costs are 40k besides holding costs - I'd go for it personally. 

If I worked a true full time+ job where I couldn't pull my phone out or take a call whenever I please then I would gladly farm it out, but since I usually can I will gladly pay myself $60-100/hour to self manage from a smart phone. 

Seems to good to be true.  

So.....Too good to be true?