If you have to cycle thru a few tenants, it's going to be rough.The area is not good where you're looking, but for a decent house and a decent tenant, it's probably worth the gamble.  

@Ben Leybovich , it certainly could be, but that is always the gamble isn't it? 

I'm wondering if people take their chosen vacancy factor into account with this rule?

Its not a family destination and people are not flooding there anymore because of all of the surrounding states allowing gambling.

@Jason Munck interesting that you've chosen to invest remotely in Spokane.

I do realize that price may vary by company and state but a ball park on these charges would be helpful when having to decide what type of closing to choose.If a double close is chosen and its an occupied home, wouldn't it backfire on the wholesaler if he/she is trying to keep the seller and end buyer apart.

I'm not here to gamble on hypothetical numbers or what the future may hold.

If you had the ability once graduating to make 100k to 200k a year starting out in your chosen profession that is different.A lot of people rack up student debt and then can't get a high paying job and are stuck being underwater on loans.I don't know if the area you are looking in that multifamily trades at 150,000. 2 doors would be 75k a door in price, 3 unit is 50k door, 4 unit is 37,500 a door.

Still, I guess if you want to grow you need to make some gambles and incur some added expenses(?).

This will help them and save your butt from a lawsuit.You gambled (blindly), you lost and you stand a chance to get out intact.