I think with Boise in particular, and the pacific Northwest in general, positive cashflow is difficult to achieve, especially for an out of state investor since the market is so competitive.Even with boots on the ground, cash flowing properties seem to be a unicorn even when purchasing for 70 cents on the dollar.One opportunity for cashflow in Boise is the ADU play -- new regulations make it more conducive and returns can be 10%+ cash on cash for a property in the right neighborhood.- Kole

In addition, if you are buying in a remote market its appropriate to budget another 10% for property management.

Does this mean they're technically violating lending rules/regulations by not informing the lender that the property will be sourced as a rent-by-the-room asset? 

In my mind its simply NOT an appropriate starter strategy..

Please feel free to DM here on BP me if that's more appropriate. 

The majority of states have NOT enacted any rules, regulations or legislation that has altered the “wholesaling” landscape.  

This is a classic case of buying in an area you probably should not have and only appropriate for locals who will go to the property the moment tenant moves out remove all the mechanicals themselves and then re install upon tenant move inwhy anyone wants to own this type of asset is a mystery to me..

RentRedi "stars" it out, so would it be appropriate to ask the applicant again for their SSN?

I was recently looking into wholesaling in PA around the Wilkes-Barre area and was wondering about the overall laws and regulations.

I would say if you vet the tenants appropriately no dog should commit that much in damages.