This could work well if you’re looking for steady monthly returns and don’t mind managing tenants (or hiring a property manager).Selling could also make sense if you’d rather use the $500,000 to diversify into other investments, like buying multiple properties or even a short-term rental on the lake as you mentioned.

Also, newer wholesalers only see about half of their contracts get dispo'd and closed (sometimes less) because of the reason just mentioned or a lack of Buyers to dispo to. 

So, coming back to the trap I mentioned in point 1 above, if I were those people, instead of providing content that's already available everywhere, I would focus on being the best possible real estate agent and then shamelessly advertise my services.

Quote from @Chris Seveney: Quote from @Don Konipol: The potential problems mentioned by the responding posters in this thread are real and well thought out.  

Nothing you mention is "ordinary" and you should charge for all of it.

As other people mentioned the areas do change pretty quickly. 

@Steven Hamilton II I want to mention that My husband and I both reside in California, and I manage the property remotely from California via Zoom calls, and also physically visits the property.

I didn't even mention SEO in my reply.

@Tayvion Payton - I agree with what most others have mentioned.

He has repeated the process in which you mentioned with success.