You mentioned gross rents of $3400 per month and Principle/Interest/Tax/Insurance of $2500 per month. 

Wholesaling is risky, because there are a ton of bad players out there, and so most brokerages don't even allow it because there is so much risk, and the principle broker is risking their livelyhood. 

 Hey GUYSOver the years, I’ve worked on creating high-converting funnels for marketing agencies, and one thing I’ve noticed is that the core principles of attracting, nurturing, and converting leads are just as relevant for real estate investors.I’ve been diving into strategies that could help investors streamline their deal flow, attract motivated sellers, and build better relationships with private lenders.

Same principles apply - being busy will create opportunity. 

The reality is though... your only going to be making about $500k on the outstanding principle.

With the increased competition, it’s crucial to prepare your property to stand out and work to address obvious buyer objections prior to going on market.

Point is the above comments there are many other more effective ways to meet the FINCEN stated objectives for tax evasion, money laundering and terrorism.   

If I invested in FL, CA, AZ, NV, I'd probably have a different opinion, but warmer climate still doesn't mitigate the liability and maninenace objections.

To newer investors, they may rely on their agents to act as the Chief Investment Officer, effectively thinking the agent will bring them only perfect deals that meet their investment objectives.  

Success in real estate requires courage, perseverance, and the willingness to take calculated risks.Internalize these principles and apply them in your real estate endeavors, and you will be on your path to success.