Can you let us know where this deal was located and what the cash flow is after you bring it to market rents? 

The current offering in Carrollton, TX is an off-market deal with favorable terms. 

also, if anyone has any good connects for reliable contractors in the Tulsa, OK market id love to get connected for a fix and flip im working on!

In my area, rental rates have caught up to market home values.

For those using a LLC to acquire fix-and-flips, wholesale, or deals you don't anticipate holding long term:Are you utilizing your home address or a virtual business address?

We have marketed the property through 2 local brokers and in house.

If you want to network or ask specific questions about your local market, go to your local real estate forum and connect with investors from your area: https://www.biggerpockets.com/forums/86-local-real-estate-networking5.

Depending on the size duplex you get market rental rates are $1000-$1250 in Lehigh Acres. 

There may be other ways to structure it, but yes, FHA would require him to qualify on income but if he has not been earning income as a wholesaler for 2+ years and has two years of tax returns to show for it, it is unlikely he would qualify.

Also my cash from the sale has been sitting in a 5% money market.