Anyone telling you differently wants you to buy their book or pay for a coaching class of some sort.Rental properties are about parking excess capital that you need to do something with so that you can achieve the highest possible return on those dollars.

Wholesaling is relatively easy money right now, just like being a headhunter was during the tech boom or a real estate agent was before the 2008 crash (and that's easy money again right now, of course).When a crash happens, a lot of the wannabe investors will find their funding has dried up (or they've lost their jobs, or don't feel secure enough to live with the risk of REI).

A number of them are straight forward enough and I can answer or take care of, but the final request seems to be a bit excessive, as basically the house would need to rewired. 

Things are not always cut and dry nor do they run on any exact timeline when dealing with tenants.

What makes it great is it doesn't dry and leave residue like duct tape.

Most of the buyers have no excess cash so  you have to be willing to fix some things to get to closing. 10.

None of those projects have seemed to pan out and those projects have since dried up. 

When you pay your real estate tax bill later in the year, you would reverse the liability by debiting it, credit to cash, and debit to the excess and an expense.

At one capacity or another, I have been apart of the acquisition / disposition, analysis, and valuation of every type of commercial, industrial, and residential property - in excess of $3 billion. 

If your earnest money is more than closing costs there is no refund of excess money to the borrower and instead that is applied against the purchase price of the home and reduced from your loan amount.