With all the new regulations and liability, I'm not seeing the same kind of reckless appraising that drove the lead up to the bust.Jay mentioned having cash reserves to weather problems.  

What kind of loans are these - seem like pretty solid options regardless - conventional loans?

If scaling is truly impossible and you hit a ceiling at $80000-$90000 a year (figure I have got by googling "How much wholesalers make"), then it's indeed kind of a dead end a job with only benefit of working remote and making your own schedule, away from corporate world and office politics/nonsense.

As @Evan Polaski said there are different kinds of experience and we will be going into a cycle where any operator who has been around longer than five years will have experience in a tough market. 

Be a kind human and dont treat current tenants like they are worthless.

Sounds like you got an education just not the kind you was looking for

:(A 1031 exchange is also called a "like-kind exchange" in that you need to replace the INVESTMENT you are selling with another INVESTMENT similar in type.

What kind of return should we even offer?

Thank you Account Closed  Have you done this kind of transaction? 

If the HVAC guy is waiting for parts kill her with kindness.