My question is: when wholesaling, after finding a great deal, do you need real proof of funds to the get the property under contact or is there a way to get it under contract, find a buyer and complete a double closing/assign the right to sell without actually having the cash for the property? 

I did it to get an answer, I didn't think I was actually going to be invited onto the podcast though. 

Once the loan matures, the interest rate could go even higher and you can actually start losing equity in the deal.

We cap the rate for utilities and actually added about 10% above our normal average this past year due to rising utility costs in our area for gas and propane.  

My business partner and I actually own a portfolio of STR's in the area, so if you wanted some insight on that business I'm happy to share as well!

I was wondering if anyone has these same issues in their market, and how they've been able to skirt the mania and actually find real serious deals.

Call 3 references:  Verify that they work there, or that it is an actual person by asking where they work first, and don't mention who you are until after.  

In Dayton, I find most of my clients like A/B class 1-4 units because they can actually cash flow AND be in great areas.

Yes, they are actually selling individual units as well

Nobody ever went broke over a duplex, I know this now,  but I have to admit I had some serious doubts about this when I started 16 years ago, I bought every course I could find, already on CD's, this was post cassette tapes lol, and I paid RichDad Education for a one year coaching program (turned out my coach was a girl in a call center without any actual experience).