The mortgage payment is $1,000 on each house, so you earn $500 per house or $2,000 monthly.

Its my understanding through my reading/research that 35% is the typical number.

•Adjusting bookkeeping records to align with Generally Accepted Accounting Principles (GAAP)•Analyzing financial performance and advising on business decisions•Preparing and filing tax returns (if properly trained)Credentials:•Typically hold a degree in accounting or finance•Some may have certifications like Certified Management Accountant (CMA) or Enrolled Agent (EA)Caveats:While accountants can generate financial reports and file tax returns, they cannot represent clients before the IRS.

The other markets are in southern states.My buyers are typically the "trades".  

Leverage will be reduced from the max available, reserve requirements increased and, typically, you would be required to use a professional property manager.

Typically when people graduate they look for a job and move to the area of the job.

I am not a lender, I'm an investor that typically buys major city-center multifamily. 

That will typically generate a response from the PM to negotiate a settlement and avoid an investigation.

Personally I wouldn't feel comfortable trying to wholesale a relatives $1M home knowing that I am breaking the law if I cross over into doing anything that can be considered representing them in the transaction, and knowing it will only be marketed to people who buy properties wholesale (typically investors who don't want to pay retail prices), instead of the majority of retail buyers active in the market who are typcially willing to pay more. 

Typically those purchasing cash aren't inspecting every home, they're walking it or having their go to GC walk it and already know what they see that may be a concern.