They my not close I had the same issue. 

Then figure out if you want to deal with whatever reason they are sitting (deferred maint, problem tenants, deed issues,etc).

First issue is an investor always has a choice for liability protection: Insurance vs LLC setupIf you have enough insurance, you can cover any lawsuit!

We run into a lot of issues with STR's being non-warrantable condos, but we work with several local lenders that can get passed that.

Half the time the current tenant actually has a friend or relative who wants it and I don't even end up needing to create a listing. 

So I’ve had this happen twice in a relatively short period of time and I’m a bit confused about it.The first time it stood out I went and looked at a property and I told the wholesaler I could only give X and they guilt trip me saying they only was making 5k as it was.So we did an assignment of contract and I agree that they needed to make something and it was a marginal deal for both parties.

Plan for risks to avoid issues.

And read this post for a perspective on the issue: https://www.biggerpockets.com/forums/51/topics/1136752-expla...

a flip requires CASH for closing costs and points, a down payment, holding costs, costs to cover any overage you weren't able to borrow...so, the issue with flipping is that (1) it takes capital, and (2) the return is 6-12 months out.

A lot of the housing stock in that area is quite old, and you already reviewed the data about the sub-market's issues.