Creating customized procedures is going to result in more work, more mistakes, and more frustration than it's worth. 

My clients absolutely love it here because they are finding deals that are cash flowing, hit the 1% rule, and have tons of appreciation.

If they don't, or the margin is low, maybe it's not worth it. 

Purchase price: $137,999 Cash invested: $15,000 Sale price: $260,000 Rental House purchased in 2006 and was my primary residence until 2019.

This may be more of a question for a lawyer, but from a tax perspective, that's my input.It's also worth looking at the sec. 121 home sale gain exclusion to see if it might be something you qualify for in order to take advantage of the exclusion amount since you mentioned it was a previous primary residence.

+Use the cash to buy something.  

Hi Alex, I have a few S8 tenants in Detroit, but most of my tenants are "cash paying".

. $200/month net cash flow today is an 8% CoC return in the scenario you described.

Home buying and wholesaling is not about quick cash.

Purchase price: $400,000 Cash invested: $57,000 Type: Single Family ResidenceParking: Garage - AttachedStories: 2Bath: 3 Full BathsBuilding Size: 2,686 Sqft.Lot Size: 50,791 Sqft.Year Built: 2005