Also, the agent ensured that I am to pay a retainer in the event I don’t end up buying – pretty much to make sure I’m not a tire-kicker and waste their time, got it.

This tenant does cause minor issues here and there, and we are so tired of it but hearing some worst tenant stories, we are okay dealing with it.  

@Sean McGinn someone might get rid of a property cash flowing like you mentioned because either:-they are tired of being a landlord-they would like to help out a newer investor-they have enough cash flow to where 2k/month is nothing to them-vacancies are hard to fill-maybe they don’t want to do the work to update it-maybe they need the cash for a better deal or to get out of a financial hole There are other reasons but here are a few.

I also think it will prevent an investor from getting "tired" and letting a property degrade over time.

Most of the calls they get are tire kickers, inexperienced investors who do not understand the market and aren't able to close. 

I just get tired of people defending this place.

Tired of 9 to 5 and looking for side hustle.

CapEx etc 18% $720 Monthly income- 2800(1400 each) (market rent closer to 2000)Raise the rent to 1800 x2 = $3600monthly income720(expenses)+1600(mortgage) = 2320 -3600(raised rent) Cash flow $1280Motivation- -seller is tired of being a land lord and Wants to sell to downsize.

When I wholesale to someone I've never worked with before and have no idea whether or not they will flake out, I ask for a portion of the assignment fee as a non refundable deposit.Not to be confused with the earnest money deposit  which I have already paid to the title company when the contract I have with the seller was executed.It's a common practice meant to keep tire kickers at bay.Most serious investors are fine with this arrangement, most who aren't usually turn out to wannabes....which is fine, everyone has to start somewhere, right?

CapEx etc 18% $720 720(expenses)+1600(mortgage) = 2320 -3600(raised rent) Cash flow $1280Motivation- -seller is tired of being a land lord and Wants to sell to downsize.