I ask because at the moment, and as Joseph eluded to, with how little inventory there is to purchase here coupled with the massive (and still growing) demand for housing both on the investment and retail side, solid deals that will produce good cash flow are fewer and farther between and so heavily sought after that when they go to a multiple offer situations the margins dry up pretty quickly.

@Brandon Lopez  This is a really bad situation and has the ability to bleed you dry in a hurry. 

I think some landlords fear that the TIN holder might move back to their home country leaving the landlord high and dry.

Even if property management is in place to manage it, they never really have skin in the game either.

Wholesalers have been dry lately.

luckily dry wall repair is inexpensive.... 

Purchase price: $350,000 Cash invested: $32,000 My second property that I feel like I acquired by the skin of my teeth.

Purchase price: $350,000 Cash invested: $32,000 My second property that I feel like I acquired by the skin of my teeth.

So it is not as cut and dry as the 1% rule for example.

The reason why is these lenders want you to have skin in the game towards your business venture.