By all means give them a note on how to use all of the appliances (eg clean out the lint trap on the drier after each load, do not use dish soap in a dishwasher, change the furnace filter regularly, etc).

Any labor shortage areas, speed up green card process noted above. 

@Michael Houston  In Duluth, most rental properties that get listed on the MLS make note of an active rental license for the property.

Plus the diversification you noted and it's a great estate planning tool (if we still have stepped up basis).  

If you can purchase this home with private money or seller financing and get a $110k loan, then you could do a rate/term refi right after so do a 90 or 120 day note to secure the property and get it in your name, then refi into long term debt using the full appraised value. 

As noted, it wasnt something that I had considered before.

Note I have no affiliation with him.

This is not a great return, but not terrible.As others noted, there are other risks, like having the property insured at full replacement or purchase price, or if the option is 100% seller financing with no money down or very little, versus 20% traditional down payment, this can start to move it into a better investment.

Show up prepared, ask thoughtful questions, and take detailed notes.

Note some of the solicitations in the mail are not from the wholesaler but the person who is rehabber investor.