It's my understanding, and how we calculate it, that if the carpet was brand new when they moved in, you can charge for the remaining useful life of the carpet, so if they've been there more than 5 years, no matter how damaged it is, it is past its useful life and it would be extremely difficult to collect anything if challenged.  

I'm extremely interested in having rental properties & flipping homes but I'm in the learning stage at the moment.

I would suggest you watch the market close though, the over $1000 properties in the okc metro are moving extremely slow right now.  

I haven't looked into these much before but they seem extremely renter friendly and cheap to purchase/maintain.

Eviction is extremely difficult to achieve.You will need to get copies of your tenants leases and esstopal letters from each tenant before you take ownership.

Hey @Sherman McLendon For a wholesaler the contract is an extreme important instrument to structure a wholesale deal.

It's tough in the Bay Area, Austin, Denver, and every other market that has gone through extreme appreciation over the past 5 years.

Taken to the extreme I was told to stop being a naughty smart alec when I tried to use 0%, i/o payments (of $0.00 per month...), balloon payment due in 1000 years, money, for the down payment on an investment property.

Luckily, my properties are in an area with extremely high demand for investor properties so selling them fast, turnkey, for a good price should be no problem.

the apartment building in Dallas that you referred to, has worked out extremely well.