Much less competition in these areas, more distressed properties/sellers, higher % spreads in between Acquisition Cost / ARV, and less capital intensive overall to name just a few reasons.HMLs can be helpful for Acquisition but depending on the price of the property, the fees can eat up much of your profit, especially if there's not much "meat on the bones".

Purchase price: $160,000 Cash invested: $265000This was a large SFH with all the bones, power and area to be so much more.

I felt it was.too good to be true in my bones.

Does need some updating but great bones 230k cash offer 0 day inspection period

I don't think that's doable unless its a bare bones metal building which the city may not allow and which would also not command $15 rent. 

However, if the number is right, there should be some meat on the bone for your cash buyer to flip.

I hope that there's enough meat on the bone for you in the deal when the 2 years is up after all of your carrying costs. 

Since the the housing market has appreciated so rapidly over the last few years, the wholesale business margins have gotten very thin and will continue to get thinner within the next year or two.If you want to start wholesaling properties with a lot of meat on the bone (profits), I would suggest looking East and Inland towards some of the areas where the affordable housing has shifted to such as Inland Empire, High Desert, Coachella Valley and any other markets that always tend to ride on the coattails of the Metro markets such as Los Angeles. 

Many are getting really, really greedy and not leaving enough meat on the bone for us to consider a buy.

There is still some work to go but the heavy lifting is done with the bones and mechanical.