Tenant screening is a big task and extremely important.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.DM us if you’d like to discuss this logical approach in greater detail!

It makes sense in places where it has temperature extremes.

Wholesaling teaches you an extremely valuable skill in RE: How to find off-market deals.

And when you’re in an extremely tenant friendly state such as Colorado, this can be a nightmare situation. 

@John Matthew Johnston 80% of the time, it's a thankless job:(You're never fast enough for complaining tenants, nor fast enough or cheap enough for owners.To have any chance of success, you have to be extremely organized, or every day starts with your hair on fire!

The deal can make sense even if it doesn't meet some arbitrary "rule"  Thanks for the insight, everything you guys are saying has been extremely helpful.

We have to work in reality sense of numbers not "what-if" ultra extremes of fantasy. 

To me, that is extremely critical.

To put a relatively extreme scenario out there, if you offer 3% more than the next guy in cash (no bank debt) and provided a copy of a brokerage account statement showing the cash was available, I am certain you would get the deal.To echo Joshua's comments: how you are planning on financing the deal is hugely contingent on being awarded deals.