@Cosmo DePinto, I can provide further insight on behalf of my market.

Plus, you already know the market, which gives you an edge.

In fact, just finished one that I have yet to put on the market. 

In high barrier markets, rents have gotten stronger but not the double digit growth we had seen, which was an anomaly.  

There are really great REI opportunities in different markets - markets in the Midwest and Southeast of the country are particularly lucrative - where not only are the purchase prices reasonable for most RE investors, but the homes are turnkey (new builds or completely rehabbed homes, tenant ready, systems 10 years of life remaining on them, property management teams in place) with appreciating home value AND appreciating rent.

However, the property’s cost basis (what they originally paid) carries over to you, meaning if you later sell, you may owe significant capital gains tax on appreciation.Alternatively, selling the property at fair market value eliminates gift tax concerns, but your in-laws may owe capital gains tax on any profit.

Market Demand: Buyers love move-in-ready homes, and flips are often the most attractive properties on the market.

Don’t forget. 2024 rent cap was 8.9% so you may never get “market rent”.

Unless you have $5 - 10k MONTHLY to spend on marketing this is what you need to do to have any chance for success with wholesaling.  

Sounds like you have a plan to consult with some brokers and expose it to the open market.