The job market is strong due to major companies moving and developing here like Intel, Amazon, Google, etc. and there's a steady population growth and strong rental demand.

Demand that they chargeback and see what happens.

Of course as a seller I might counter with, No, please send your cancellation of sale paperwork and I’ll refund your EMD.

Aim for a 620+ credit score, save for a down payment, and research markets with strong rental demand.

We added value by getting this home way under asking with seller concessions.

They could positive cashflow and i believe there should be good rental demand from student population but i am not sure about the scope of appreciation in the area.

Strong property management and careful tenant placement also play a critical role in success here, so I recommend partnering with a turnkey company or an agent who specializes in these areas to make the process smoother.As for rental demand, homes that sit for extended periods are often the result of issues like pricing, condition, or tenant quality—not necessarily a reflection of the market as a whole.

I’ve seen folks panic and act like they’re about to be stuck holding a ticking time bomb, but if you structure the contract properly, give yourself a decent inspection or feasibility period, and understand local investor demand, you’ll rarely end up empty-handed.

I've never heard the 25% thing before, but any difference between FMV and sales price would technically be considered a "gift" with potential tax implications for your parents.You can avoid most seller costs as there's no reason to use agents in this case.As an FYI: I always recommend avoiding a FHA loan, if you qualify for a low-down payment conventional loan.

I thought it was obvious. wholesaling property requires a conversation with sellers contracting property and closing deals.