Search the city of Cleveland's website Waste Collection and Disposal Department & you'll see that everything is very clearly spelled out. 

I think that the major CON to doing a blanket loan is that there are quite a bit of costs upfront to qualify, they take a long time to close, they have higher stipulations within the loan and it is difficult to deal with each property individually moving forward.  

Without of showing proof of funds from major lender or local reputable broker we do not even show properties or pocket listings. 

The various costs for maintaining a license has definitely been something that I've considered, and one of the major reasons I sometimes lean on the side of NOT getting a real estate license.

McGraw Realtors has a leasing department.

If it is near a major city, it can have major value.

I could see realtors loosing a majority of their function for facilitating sales outside of being buyers reps.

Not on a major street.A similar renovated home down the street just sold for $810K!  

There are a lot of opportunities out there, but there are some major differences.

I agree with @Anthony Dooley make sure you triple check the ARV and the rehab estimate.I get deals sent to me by about 20 wholesalers and majority of them are just guessing on the rehab.They'll do anything to make the deal sound sweeter to the investor so do your due diligence!