Usually good tenants stay longer, requiring less turnover rehab costs and minimal landlord headaches.

Sorry for the delay, Thanks ShawnThe agent reduced the price again to 8k.

I'd say they go with more modern homes with modern finishes, more minimal lines and less angles to really let the brass bling and white lines shine through.

We successfully closed several deals with RHF and were also successful in securing a line of credit (LOC) with minimal paperwork and fast processing.

In fact, if you can borrow funds for purchase and rehab and secure against other properties (or unsecured if you have someone who trusts you that much - like parents or in laws), then you can buy cash and refinance much sooner with Delayed Financing Exception and pay most or all he lenders back - and then repeat the process with another house (though 2-4 units may have more limitations from Fannie Mae or lenders).You could also secure a small loan against a car or some other asset you have. 

That being said, in Decatur, multi-unit properties are few and far between to start with and then trying to find a good one out of the minimal options is very tough, which is why my last four properties I've picked up have been SFR. 

But, there's no deal on here, based on rental income, it's negative cash flow with only minimal repairs, and the occasional vacancy, let alone major repairs/damage.

Offer him a little something out of escrow when it closes if needed to delay the mortgage payoff a few months.

Most "wholesalers", especially here on BP aren't buyers and resellers (what I think wholesale actually means), but rather want to control property via contracts and minimal capital.  

This was a fun project and it did go fairly fast with only a few delays.