Like if you want to become a wholesaler or if your buying a deal from a wholesaler? 

Welcome to the forum Ranil,Turnkey properties are mostly buy and hold.Can't really "flip" them per se as the provider will not leave much (If any) equity in the deal.

In theory you can buy a house in St.

Ideally you'd evict the tenants, find some other sucker to buy your high-crime neighborhood property, and start over somewhere else (even in Detroit).

If this were my unit I would probably opt for a stainless refrigerator with no ice maker, and all stainless appliances, and maybe a dishwasher if I thought I could get more rent for it.

Repeat this strategy every couple years.If you really don't want to buy a primary residence and instead you want to buy an investment property then I would recommend a new build in Casa Grande for under $300k, this will require a 25% down payment and buying the rate down a little to break even on cash flow, but will be a very easy first rental property as it will be brand new and will not require any cap ex for many years and by the time it does require cap ex you will have raised the rent and gained enough equity to do a cash out refinance.

I meet the requirements, which are:1) More than 640 credit score. 2) No missed payments 3) No second mortgages 4) did not use a down payment assistance program to buy the home.

It’s a new buy for me.

As it relates to a mortgage being sold, yes in some states you need a license to buy and sell mortgages as well.

I sold what was left and decided that I would never again buy property where the government could lie & turn against you.