Basically you find these distressed properties in pre foreclosure, probates, divorces, or just ugly vacant properties. then you calculate the Max allowable offer and if it makes sense you call up the property owner, get it under contract for dirt cheap, then you assign the contract to a cash investor for an assignment fee. this is the general idea obviously it gets more in depth, but its finding deals that you would buy as a fix and flip or brrrr, and instead of actually buying it you sell it to other investors.Ahh I see, thanks for clearing that up.  

It's a hobby for maybe 80% of the people who say they are wholesalers, and maybe 10% of the wholesalers in SA or any big city actually have a business. 

What would you do in my shoes I don’t invest there so take this with a slight grain of salt but I’ve heard multiple stories of basically this exact scenario someone getting offered a big payday for something in Cumberland, rejecting it & always for some reason (house burned down, block got worse, sheetz decided they actually didn’t want someone’s land for a car wash after all) always selling for like 10-20k and regretting not selling. 

Weirdly, you may actually be able to get better terms and/or more LTV on the refinance if there is debt on the property as lenders have rules for max cash in hand (max proceeds you get at closing) for cash-out refinances.  

Actually we have divested 4 of our 8 Self storage locations to get into a better LTV position versus my view of the economic world.  

@Kiran AsknaniAirDNA is within shouting distance of my clients' STR actual revenues here in Colorado.

I actually had a fire MYSELF, yes personally. 

Shenell, It's great to hear someone may actually understand what we're trying to accomplish.

The SPB and TI areas are actually generally not STR friendly and have 30 night minimums for single family residences. 

So we figured we start with a few Yurts to get started and add the Cabins when a builder can actually build them.