This would be my first subto deal.Also, I'd appreciate any recommendations for title companies and transaction coordinators experienced with subto deals in Mississippi.Thanks!

Also, if you are a lender or know a lender I'd love to chat!

Before you make any decision I'd recommend you read the 30-Day Stay book by Sarah Weaver and Zeona McIntyre to better understand the MTR niche.

But I don't believe I'd want to be in a market that wastes 2-4 nights per booking.

I'd be interested in underwriting the deal and see what I can come up with.

At least to get the numbers to pencil as a long term rental after moving out.Wholesaling, as you say, is the hardest path I can imagine to becoming wealthy from a standing start with no assets.

Feel free to reach out, I'd be happy discuss these options. 

If you can make a profit, I'd keep it.Can you qualify for both mortgages at the same time?

If you ever need any help with the financing on future deals, I'd be more than happy to help. 

Then you should have nothing to worry about.For many years now we have been telling investors to use their own expense deductions when calculating a return on investment.Our marketing team only quotes the “hard costs” as in - taxes, insurance and property management fees.We suggest discounting another 15% from the bottom line for maintenance and vacancy but I’d much prefer for everyone to OVERESTIMATE the expenses and UNDERESTIMATE the income using their own calculations.If the numbers work out then, the investment might be worth pursuing further.Classifying areas can sometimes get convoluted.Since I wasn’t born with a silver spoon in my mouth and consider myself a working class guy, my perception of B class might be someone’s of “Z class” lolMy advice to all is to visit town and see the areas for themselves.I’m confident they will be impressed.Especially if they have already toured other markets with similar price points to ours.Real estate is a rollercoaster of a ride and as much as we want to make it hands off/passive.