The seller backed out of the deal and didn’t show up at closing, but now the wholesaler won’t sign off on canceling the contract.Has anyone experienced something similar?

Welcome Surya, I work the Atlanta market.  

Have them start touring you around to inspect the work about !

You rates go up even if you don't make the claim. 

Based on the data I saw from ABOR the median price YoY (2023 to 2024) was slightly up (around 2%) and the rent was flat to slightly down.

I have found that they worked really well when it comes to getting better tenants and better rents, and having less hassle, less headaches, and then getting a higher sales price; without paying closing costs or realtor fees.

A unit renting for $700 probably can't go straight up to $1,200 overnight with no updates unless your property looks like the other ones in the area renting for $1,200 and offers similar finishes/ amenities. 

Successfully acquiring, renovating, and selling multiple distressed properties can significantly boost your returns, but it also comes with its own set of challenges.

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