Hi Paul,The main risk with buying a wholesale property is that they're usually sold as-is with no contingencies.

I don't plan on selling; I'm mainly just curious how people make $ in these markets when rental rates are on the decline since COVID.

We were able to buy low in a good neighborhood since the home was in need of some work, mainly needing cosmetic work and some deferred maintenance.

The main factor is will rents cover the debt liability and can you sustain 3-4 months of no income to cover the debt? 

Once that happens you are in a different world.So I would get rid of the tenant, mainly because there have been 4 violations with the county your tenant has been served.

We feel this encourages/trains good payment behavior:)We have several MoveIn Specials owners can approve like, free TV, Washer or Dryer (used), etc.Our main goal with MoveIn Specials is to stand out from our competition. - Just lowering the rent really doesn't do that.

@Dave Meyer had an interesting episode on the BiggerPockets Real Estate Podcast about 3 main resources when it comes to investments: cash, time, and experience. 

The Columbia market -- specifically West Cola, Cayce, North Main, toward Camden, etc. -- appears to have some properties that would cash flow well, but may be limited on long-term appreciation.I'm looking to stick to market-rate properties.  

And what are your main concerns about financing?

I have personally stayed in one of these places where the main house is separated, and only the basement space which has a walkout entrance, its own kitchen, and two bathrooms would be rented out an Airbnb.