Also, after a year, the mortgage hasn't been paid down by much, especially if it's a 30 year mortgage.The only challenge you may run into is if you purchased it using a low or no money down mortgage option like FHA or VA lending.

Low down payments but I can still use them as leverage.

Is it doable - yes but you will need to go to a lender who probably uses their own funds vs. an instituational lender as they will not like 2nd position nor the low amount.

Quality over quantity for me. 

if it's low and you sell, that rate is gone forever. 

The current rents are really low because the tenants are responsible for doing any and all repairs on their buildings (which in my opinion contributes to the poor condition of the buildings). 

But occasionally we have issues and tenants need to be asked to leave or just decide to disappear in the middle of winter and it sucks.The worst part is I find the quality of tenant interested or willing to move this time of year isn't the greatest either - often times there is a reason they have to move right now since most landlords don't like ending leases this time of year.Either lower your rent or just hang in there.

.: @Patrick RobertsThat's a lot of words to say you're advocating tax fraud since there may be a low likelihood of getting caught... 

Hi Even,I don't know about DPA and Grants but I do have a great program with only 3 precent down and low interest rate.

Wholesaling is a great low cost way to make a lot of short-term cash, but it does not build long-term wealth.