We narrowed it down to:- Code Violations (trying to find distressed properties)- Pre-Foreclosure (assuming landlords have some tenants who haven't been paying rent during the moratorium and don't feel like dealing with the headache anymore)Our thought process is in the current market environment, the only type of houses we will be able to wholesale will be houses that need a lot of rehab.

While you can do as little as 3.5% down with FHA or 5% with conventional, in the current market environment that may prove very difficult.

"Failure is paying for an education"  Blue Fishing by: Steve Sims"If i said I DISCOVERED how not to do something I am operating from a position of learning and improving.

We found a property that on paper and in person appears to be a good deal. The problem is, it's in a high flood zone that was previously heavily effected by Sandy. The properties foundation since that time has been ra...

@Dwayne Saxton - in this environment it's tough because there's such a low amount of inventory that it's a seller's market. 

With the current hyper inflation environment there is no doubt a recession is under way.

I wonder where some of those high end properties (with lower rents) are headed in an increasing rates environment.

However, in a rising interest rate environment like today, avoiding the hassle of the refi and the potential for increased rates down the road it may be a great option.  

Although it might slow you down a little when you have big fish to fry, it is safe to say that you are running a business and that this business MUST be protected at all costs.

Conventional lenders are getting a bit risk averse in the current environment, and for owner occupied stuff when they see someone wanting to do a total cash out "refinance" because they own the home outright, that is perceived as riskier than someone who has debt on the property and looking to pull some extra money out from it.