Not bad for 4 days.

If this is a bad deal because of $1,500/yr in interest run away and have your family sell the property. 

yea the METH is really bad in Haysville

And yes, the entire argument around wholesaling everywhere is that most laws that are being pushed against it (In the states where they are) are because of practicing real estate sales without a license.I am an attorney, but I don't give legal advice on here and never said I was giving legal advice so not sure where you came up with that, but your attitude suggests you will be part of the 99 percent of bad wholesalers who are out of business quicker than an eye blink.You are asking a lot of questions, which is good, but you should be asking them of local wholesalers in your area, in person, so you can see what they do versus what everyone on the Internet tells you.

One more reason why long-distance management is a bad idea.

Yes - and even when its out there its typically impossible to qualify (need high rate and high DSCR and typically would have to qualify as a LTR - so almost a unicorn or in a really bad market)

I've had a couple of bad actors, but all in all I've had good experiences and continue to provide this type of housing.   

If you are a wine drinker like me it's been great - I remember how bad all cheap wine used to be - but I can see a big difference in the popularity from 20 years ago.  2 buck chuck !!! 

That sounds pretty straightforward and we've got something similar here too and it's not bad. 

Because significantly less than 100% of your investment actually goes into purchasing or improving the property, and the property is purchased at retail value (or worse), your returns will badly lag any benchmark of direct property investment.  2.