It is harder, more difficult, more risky to wholesale without a license.

Now, you don't need hundreds, or even A hundred clients to achieve your goals.

I - nor my clients - will rent to anyone without having of proof of engagement prior to moving in.Hope this helps.

while i do think it's valuable to analyze properties, it's really difficult to underwrite based on photos. 

First you have to face the local municipalities & will be extremely difficult to get the zoning approved. 

For what it's worth, I tried to run your numbers using the proforma I use with my CFO clients and I'm getting an IRR (average annual return) of nearly 23% (see page 2): Kalamazoo Properties

Basically you can't have the yard be higher than 6 inches below the window sill (otherwise it would v difficult for people to exit out of this window in case of an emergency). 

I have clients doing 1 a quarter thats about the slowest to others that will go on a mini tear and I will help them buy 5 or 6 over a 45 day period then they go to work.But generally my busy folks will do 15 to 30 plus a year..

This is what we do for our clients between each guest.

*This post does not create a CPA-client relationship.