The husband had a good paying job that had a slow season where he would collect unemployment a few months per year.

The issue I see with your $500 allowance is that in some seasons they will definitely be seeing a big cost.

Rent out in the busy season.  

But I have run zero vacancy for the last 25 years as of Aug 1 unless I build something then I have lease up in the off season.   

That being said they have already moved in, and this is the slow season for renting homes.

From my understanding since it’s a rental property I could use this against my income during tax season.

If you’re referring to the “newbies” with $10k to their name that watch a video by Pace and get excited and pay for joining, go out with their last $5k and do a sub to with a “desperate” homeowner without revealing all the possible consequences (because they are unaware of the consequences through lack of experience and lack of knowledge and or choose not to inform the seller) then I agree, it’s probably going to turn out badly for all concerned.If on the other hand you’re referring to a seasoned investor with excellent credit, significant cash reserves, who wants to add a property to their portfolio without going through loan qualifying, and can pay enough to give the seller “walking away” money because of the low existing interest rates and or, and is dealing with a informed seller, then I find nothing wrong or negative about the transaction.  

The wholesaler created new terms with the tenants and the wholesaler plans to hold it so that the new loan gets seasoned, before selling the note.I opted not to get involved and have started my knowledge building into private lending.

Refi's before a 1031 should consider some seasoning time.

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