There are some legal concerns in certain areas, Illinois and Philadelphia for instance requires you to have a real estate license to wholesale from my understanding.The biggest issue is that most simply don't make much money wholesaling.

Rental income is typically lower than Class A, and there may be some deferred maintenance issues.

I had the same issue.

It was a mess with rules, Board problems and Building issues.

Some of my leases need to be updated, including increasing security when increasing rent; putting in clear violations (such as tenants using electrical heaters, which is a fire hazard); having a reliable attorney ready should any legal issues arise.

Solid cap. rate on the property and was eager to see the deal through (never be an emotional buyer, I didn't follow my logic).

I had a terrible PM before them but Bridgestream worked with me on getting my SFH Tenant Proof, gave me one contact person who knew my rental, and reports any issues monthly. 

Solid cap. rate on the property and was eager to see the deal through (never be an emotional buyer, I didn't follow my logic).

Biggest issue is there isn’t enough houses.

Many have a limit on how many can get rented due to that warrantable issue.Another issue are the HOA dues....are they requiring them be paid?