Sounds like a big old fat DELETE to me.

The pace of tenant turnover will slow along as tenants stick around longer hoping to get a fat check before they move on.

Of all these properties, I’ve seen two in real life before purchasing.Slight difference, he's a wholesaler:1) Has no clue of the mystery true buyer will give him a fat check or not beyond his own say-so.2) Has $0 dollars tied in escrow so no loyalty to the deal, which I think is immoral to make the seller take all the risk in reliance3) Thinks he's screwing over the seller at a low price.

As for people who say $600 is expensive happened to us twice over the past year for non-tenant reasons (belly in line, old plumbing) and both times it was around $600 so depends on where you live. 

And THAT's the truth of what people think when there looking at these generalities; "oh, which is EASY, which can I do, pay almost no attention to, do next to nothing, and just cash fat checks".....

Originally posted by @James Bell: I wouldn't worry either.

Lot of my friends did it and it killed their Saturdays for a while but they're fat now on that cashflow!

You know there's an old saying that pigs get fat and hogs get slaughtered.

When REMAX Greater Atlanta went belly up, I remember one of the agents I knew had $25,000 of commissions he couldn't collect.

@Matt BellI didn't even finish reading your post because it made me so angry.