This was purchased in 2011 when it was the buyers market.

@Calvin Rappard I don't think it is feasible to do a new screening every year, and more importantly, I am not sure you have the tools to move someone out if they fail....

One, you might want to consider Seller Financing (in Michigan, we call it a Land Contract) which can allow you to buy property while using the Seller as Banker; not all Sellers are open to this, but it can be beneficial to both the Buyer and Seller.

One of the challenges of beginning wholesalers is they do not have a buyer's list.

How many tenants or buyers would really be interested in such a property?

I have a possible seller financing opportunity, where I would be the buyer. 

Let's be honest here, the listing agent didn't have to do much to procure a suitable buyer.

Wholesaling is one of the most challenging ways to start your carrier in real estate; over 90% fail within the first year. 

I think it’s just a seasonal/holiday slump but it’s a good time to be a buyer!

Also, our market has many First time home buyers, so to fix&flip we needed contractors which required much more $$.