Quote from @Jason Kudo: I have a property in the Joshua Tree market and it's doing fantastic.That's great for you :-) However the OP might want to know if you paid cash, have a loan, at what APR, and all that good stuff that could make the difference for him having a decent ROI.

You gave me the info I wanted to know plus more!

Being trustworthy and proactive are huge, you know a property manager is great when you know they will do the right thing when no one else is around and they do things when they aren't asked.

My squatter is savvy and knows how to prolong everything.

This opportunity fell in my lap as I know the motivated seller who is willing to sell, but I'm not sure if I can get the price that he wants for it.I don't have the property under contract yet, and this is my first wholesale deal.

Do you know how to read the credit/criminal background?

I have lived in Memphis all my life but do not know if this is the market I want to pursue.

Johnny, I know exactly which lender your working with.I am going to tell you, there are better options.Look around a bit, That prepay is 5% fixed for 3 years.I wouldn't pay 22k to buy a rate down in a decreasing rate environment.A 7.75% on a 3,2,1 declining prepayment is a better bet. 

If you recommend any books/forums/local investors with great pointers let me know!

Let me know if you need anything from us to help you.