So is the second wholesaler simply sitting around combing for other advertised wholesale deals?

To get more success if you are looking for this type of product you want to use the phrase "Line of Credit"...I know it sounds like we are splitting hairs but this is absolutely imperative to find this product in Texas. 

I have several family members who under report their income - hair stylist, cab driver, etc. so that is not uncommon when your income is a cash transaction.Thinking out loud: you could offer that rent be paid bi-weekly?

You do not have to pull out your hair, stomp your feet, or scream, simply discuss things with your contractor and if they feel they can guarantee their work they should have no problem assuring you that if you have quality problems with their work that they are willing to stand behind it and will take care of anything for you should the need arise.

Before people pull their hair out trying to figure out how to amass $100M net worth, check this article out:I Made $15 Million Before I Was 30, And It Wasn't As Awesome As You'd Think

Trust me I combed through all of them and I can't figure out a reason not to go forward. 

(I know this tenant mentioned that she sometimes does hair styling or something on the side.)

All I had left to work with was the woman's hair and the horse's ***.

For example if apartments are cheap enough some tenants will choose to stay for economic reasons.With oversupply A rents will come down and someone will take a hair cut and some will be purchasing distressed properties.The only thing that will prevent this is if the population continues to grow in that segment through migration but in the end I think they will over build.

Then start combing those areas for deals.