It is a 2 bed, 1 bath house, in which he is subletting to at least 3 or 4 other people.

Your sphere doesn't know ANY older people or have relatives that own homes?

So your super basic P&L may look like: $30,000 Rents-$3,000 insurance expense -$9,000 interest-$3,000 taxes-$8,000 operating expenses-$14,000 depreciation ----------------$7,000 loss on paper for the year  so negative taxable income But remember- $14k of that (depreciation) was something we didn't actually spend money on- so cash in bank at year end would be $7,000. 

If you have a vacancy, do you want to wait a whole month before showing it to people again?

My biggest question when I was researching all the programs was "If these people are so successful at what they do, why are they charging so much for all of this and always trying to upsell?" 

Some people do SOI, some people do mailers, some cold call, and some do events..

Also, a good number of people see wholesaling as acting as an unlicensed agent getting net commissions (which are illegal for agents) so some see it as illegitimate entirely. 

Have you had a lot of issues with people paying rent?

You’re in the right place to learn and connect with people who’ve been in your shoes.

Why do people who say the only people doing well today are the people who bought long ago (10+ years)?