I will say East Nashville might be one of the more difficult areas to do it due to resident opposition.

Fast forward a few months, and they have non-paying tenants who are wrecking the place, and a MIA property manager who (understandably) won't put in the ENORMOUS amount of effort required to manage a property in a C or D area for a small-time client from another state.

I always take value into account, as well as how much rehab you've done (if any), when the property was purchased, credit, and cashflow when putting together a cash out refi for my clients.

Never in a million years would I say to a prospective client, "Are we going to do this deal or not?"

I just want to share the formula to new wholesalers because I have been getting deals that don't make sense for myself or my investor clients and in order for you to get a good wholesale deal to your Cash Buyers you need to know this formula.

Agreed, the more parties involved usually the more difficult.

*This post does not create an attorney-client or CPA-Client relationship.

However, this influx has led to a surge in home prices, making it difficult to compare our market with other cities in the U.S.I found a lender and an agent, but the competition remains fierce.

We help our clients with these strategies on a daily basis and they usually wipe out significant w2 tax liability. 

You mention you also have a low credit score, between that and no income you will have a very hard time getting a loan, you could look at DSCR but that is getting more difficult as well.