Local lenders will do better in terms of winning properties, but they don't have to be mom and pop.

Hi @Adam HoekerI have my clients all on QuickBooks Online.We sync in their accounts to reduce human error in entries, and track each property's expenses and transactions to prepare for Tax time, this helps us to be prepared for 1099s as well, track Asset Basis and Depreciation, Mortgage Balances, and any Equity items.Since QBO is very common, it is easy to connect a Tax Accountant to this as well and have them pop in to grab reports they need to file. 

If there is a discrepancy from what you were told then you ask for a concession on the price in accordance to what was missing in incomeIf they show you an actual rent roll that will give you an idea of income, delinquency and lease terms.It's hard working with mom and pop sellers.

You’ll see the same names pop up to answer complicated questions though I don’t know how hard it would be to hire them for just this function. 

It popped back up on Redfin this morning, however, it did that a few weeks ago and then disappeared.

These are all mom-and-pop operations, so setting this up was easy.

The wholesaling market is very saturated in every market of at least 50k pop, so you have to work hard to make good money. 

Nickerson was definitely the OG of mom and pop residential REI. 

I see these popping up all over my town and it looks to be saturated, although I do live in a very dense area as well.  

I also predict new licensing and regulations for these types of investors as more and more of the mom and pops get wiped out.Time will tell where the dust settles, but thes syndicators often promoted (not necessarily by BP) will be caught with their pants down.