. - You have no recourse against an agent or PMC once you pay them for the placement and it turns out to be a terrible tenant:(If you have the time and network and post here for assistance, it's always a good idea to learn the rental business from the "ground up".Of course, one mistake can also cost you thousands of dollars.

As a PM, I'm authorized to make emergency repairs without owner permission.

Staying as liquid as possible might also help you handle CapEx, taxes, small repairs, and so on.Let me know if you have any questions—I’d love to help in any way I can!

My sister and I founded Abideaway to help short term rental hosts increase their profitability and guest experience through interior design, mural painting, and digital branding—in essence, a suite of creative services to set them apart :) We work nationwide and would be happy to help wherever you land.Would love to chat with you to learn more about your direction and see how we can assist.

Our instincts are to eventually rent it and use the income for payment assistance on a new home mortgage.

Purchase price: $65,000 Hybrid Fix & Flip, bought, made minor repairs and clean out.

Save your hard earned cash for down payments and repairs.    

Purchase price: $74,000 Cash invested: $25,000 Sale price: $145,000 I acquired a property from a couple needing to relocate, with significant repairs required.

In any case, successful wholesaling REQUIRES the knowledge, experience, and ability to accurately estimate repair and rehab costs and time.  

In Cleveland you can find below market rental ready duplexes that require minor repairs (keep in mind that discounted properties come with their own challenges).