What I like about this deal is, the major cap ex's have been handled, and there is still meat on the bone to increase the cash flow by filling the vacancies.

Sure, there are some advantages (MLS access, acting as your own agent) to holding a license but there are disadvantages as well (you're held to a different legal standard in deals).  

I just spent an entire day working with individual contractors and picking up supplies, and this is getting harder to do with increasing job responsibilities and planning for a baby next year.

If you find a green agent, you can use the standard weasel clauses to fool both him and the seller.

People respond better to utility passthroughs than rent increases.

If the ROI is lower, can you put less down on the loan to increase it?

The contract to use is just a standard purchase contract. 

Department of Education “have forced us to cease” operations.ITT was hit hard Aug. 25 by the education department’s mandate, which was made after ITT fell out of compliance with its accreditor’s standards and “put its students and millions of dollars in taxpayer-funded federal student aid at risk,” the department said.ITT last year received 79 percent of its cash receipts from the federal student loan program.The department also placed several other sanctions on ITT, including a freeze on executive compensation and an order that it increase its surety funds from $94.4 million to $247.3 million within the next 30 days.The company said Tuesday that it “exhausted the exploration of alternatives,” which included transferring the schools to a non-profit or public institution."

Part of the problem is I am in a situation where I can increase my J.O.B. income about an extra $80k a year for a few years or more if I want but it will require travel and high stress so I won't be able to focus on wholesaling.

I currently work in the IT industry and have done well, but I'm looking to increase my earning potential and hopefully help some more people along the way.