Jim you keep doing these post like this and NO ONE is going to buy rentals ever again LOLbut seriously I like that you balance out all the blue sky and bring reality to the equation.buying rentals is not a set it and forget investment no matter what.can be with really special A class to strong B class but no way with blue collar 800 to 1000 dollar tenants.. don't care where how or what.. they are all people. some are pigs some are clean and neat some in the middle and you can't tell with an application .I suspect if you took the time to go check out their automobile before you rented to them.. or did a sneak pop in on where they are living now before they move into yours you might catch the pigs before they move into your freshly rehabbed home.

Be very careful wholesaling in WI, based on the verbiage in the law it is suspect brokering if you do not intend to close in your name or a business name. 

A win-win solution might be to charge some amount extra per month such that if they give the house back in the winter, you don't care because you have already made your money. 

Eh I don't care its legal all over now.. but if they have a 550 fico and cant explain it ( like it happened because of 08 to 2010 that's a problem) also non payment of support for kids.. don't want to do business with any of those dead beats LOL.. you know what I am saying.. 

before careful of certain HMLs some of them have hidden fees and charge you extra during the closing statements.

Any other newbies care to join me?

My mom wants nothing to do with the property and don't care what I do with it.

I never meet the rest of his family but he has a young 5-6 yr old or so son with him when he looks at the house and they seem good - I'm told his 19yo daughter will live with him until she gets on her feet and gets on her own (was led to believe it would be short term) - then another young 10yr old or so boy and his tenants newlywed wife (he was getting remarried in his 40's).So fast foward to now - I had good relationships with my neighbors - asked them to look out for me and they knew I took good care of my house. 

Tread carefully.

@Jason Wear I feel the exact same way, I’ve never cared more about learning new things as I have in the last few years in real estate.