That's 50k a year gone and you are losing tax write-offs and equity potential.

You have the most to lose now since you'd be out all of your investment if the FC goes ahead.

Have you ever heard of a Landlord being sued by a Tenant and losing property?

Average rents are $1,250 (Again Zillow) Easily a losing propostion.

.--- Tenants can still lose their keys outside their home:(

if you buy a random property in a neighborhood you've never been to and turn it over to people you don't know you'll just lose money.not trying to be negative, trying to protect you and your hard earned cash.

If you reduce to $2,300 and are able to fill the property faster, yes, you are "losing" $100 per month, but even at that rate, it would take two whole years to equal the loss of the $2,400 vacancy month.

Overpricing will likely lead to longer vacancies and lost income.Respond QuicklyTenants have more choices than ever, and properties that don’t respond to inquiries promptly may lose out.

On top of that wholesalers by and large are very inexperienced and or pretty slick.. this is a perfect set up to lose money as well.  

Quote from @Matt Meier: If I were to do this, wouldn't the lender lose out on their commission?