I figured he rented a penthouse suite kids in private school and a driver..

The only thing I can come up with as to why all these brokers and agents hate wholesalers so much is because we don’t need any schooling to get started.

I had two problem tenants back to back-one was a long term tenant and I don't know what happened with her (possibly drugs), the other covid hit and her and her husband split up and she got in with some troublemakers who she knew from high school. 

Right now I use school ranking as a means of inferring neighborhood quality.

Short Sales, Bank Owned, $/sqft, school district, days on market, etc.  

Foreign investors ( primarily Asian countries) parking money or buying a 3 mil home for the kid to live while they go to school.. 

I did have a relative living there and my wife went to school there so I had some familiarity with the city. 

Probably we should have considered this( closing timeframe). at the time of purchase and looked at properties that would complete before the school season starts. 

For them, it's truly the old-school idea of a second home. 

It was built in the 2010s and located in an established neighborhood with convenient access to schools, amenities, and major transportation routes.