And of course the wholesaler they don't give a crap they are not out anything maybe the whopping 100 bucks hey gave as a EM deposit.Real Estate in my mind is a real business and capital intensive and if your going to play the game you should get some capital behind you in some form so you can do deals without having to have all the stars align.Wholesalers in our market BUY the property.. our markets too hot that only an absolutely uneducated seller would fall for a option to purchase when they could just list and sell and close in 30 days for all cash to a bona fide purchaser...

If you are a bona fide wholesaler that markets for deals you are going to get a whole lot of calls from people who have non-distressed properties that you can turn into listings instead of saying that your house doesn't meet our buying criteria.

Not that I am into that side of things as I have a property manager, however I have heard of others using it.legally, wouldnt 'play' with excuses to discriminate (ie, telling families their reference check didn't clear meanwhile 'preferring' studens for the unit or house) unless there was a bona-fide loophole to do so (ie, a statute allowing for an owner to Prefer Students for their Rental House because the owner is also a student living in the house). that's simply a risk i would not want to take unless i had a legit, legal reason for preferring students over any other family status for my rental house. labelling a rental property as 'Student Rental House' could have repercussions if not planned legally; ie back in college i stayed in 'Student Housing' but it was Off-Campus Housing OWNED by the university; i've never come across 'Student Housing' rentals unless it was a frat/sorority house or one owned or officially associated with local educational institutions. would love to see a loophole in your jurisdicton that allows for independent rental unit(s) to be dedicated to specifically students. ie, u could make a strong argument that for a 2 family house, the students in one unit might seem too noisy for a quiet, sensitive elderly coulple already living right below or smack next to them - or vice versa.good luck and by the way i do like the idea of what you are doing: at least considering mixed housing although yea there could be a conflict of interest and perhaps that could be your argument for preferring students since students might party often as compared to say, elderly families i guess?

You think I am a bona fide buyer.

In other words, he has already failed in meeting his obligations to someone, perhaps a bona fide/arm's length third party, and now he is turning to you.

The big question is whether this is a fad or a bona fide market shift.