Even if you get a judgement, collection from someone without money is difficult and time consuming.

They are far too labour intensive and time consuming to hold for what is basically low returns per door.

Fortunately, I worked in consumer credit for a while and could help if it came to that.Talking about selling to people you know, coincidentally, one of the buyers was a local doctor he knew, located 2 blocks away, that wants to buy it to relocate his office.

Reduce consumer debt, increase your income, and buy fantastic deals that cash flow.

And it is time consuming.

I have a master's degree in organizational psychology with specialization in consumer psychology.

Also check for any complaints with the BBB or the licensing board.Check references and never give them any money until all the documents are received and checked out.Hiring a contractor is serious business and, at least in California, there are protections available to the consumer.

STRs just offer consumers and property owners too much advantages. 

Real estate is tough, expensive, time consuming, and if you aren't driven, you'll just be another person who  tries it and fails.      

I have sold property there as a realtor and I know their inspections are ridiculous and time-consuming, does this apply to wholesaling as well, any help would be appreciated.