My wife and I own a beautiful historic home in a small, charming town in Northern Virginia.

A better solution, in my opinion, is not to rely on wholesalers,  as not only is it a dying breed due to the sheer incompetence they exhibit due to gurus' wrong instructions and teachings, but, wouldn't it be better to generate your own leads through a high performing website?

Ultimately it will depend on the property (banks perform stress test-debt ratio)-but I think 5 year term is what I found so far.

Beautiful stream on a corner of the property.  

Or has it performed as advertised?

I regularly see promotors selling lots in beautiful communities for $40,000-$100,000 in Texas. 

Just like when evaluating a potential purchase you should be performing the same due diligence with rents.

You can get away with using 5% for Class A tenants, but we use 10% for Class B and lower. 3) Tenant Payment Performance: you didn't mention this, but it is important!

Regardless of the due diligence the buyer performed.  

The beauty of REI is there is no need to make the mistake my wife I  made early on thinking we could do it ourselves.