Thank you for the response and the knowledge! 

I will leave this post and the previous thread up for transparency purposes. 

@Ashish Acharya- thank you for your response, that provides clarity.

@Brady Hales @Jason Marino, aren't you supposed to register this WY LLC in the state you are living in as it is considered doing business from that states and then losing the anonymity purpose of that WY. my understanding is that the reason to put it into a irrevocable trust is for asset protection purpose as you do not own these properties anymore. what am I missing ?

If their kid shoves a pair of leggings down the toilet and clogs it (yes, this has happened), then they are responsible for fixing it.

I checked out ab968, looks like pre / foreclosures might be a good way to go if I can find them. thanks everyone for the responses, really great info. im actually starting to see more deals on properties in need of renovation so I’m hopeful I’ll be able to find some good flips when I’m ready to pull the trigger  

Or she stops paying either on purpose or by accident and doesn't tell you and that wrecks your credit...

Many are just following the practices they’ve been taught (although if you choose dishonesty, some responsibility does lie with you too).For any wholesalers interested in learning how we approach wholesaling ethically, just let me know, and I’ll gladly share a detailed post on it here.

Again, I really appreciate your responses.

Understanding tenant rights, maintenance responsibilities, and potential challenges will prepare you for the realities of being a landlord.