A year ago, you would have earned an 11% net cash flow after factoring in insurance, taxes, management, maintenance, and vacancy.

If they can't follow directions- DENIEDIf their application is incomplete- DENIEDIf they don't earn 4x the rent- DENIEDIf the don't have ID or their ID is false- DENIEDIf there are 12 income tax lien collections (true story)- DENIEDYou can add on a layer of a minimum credit score, but in my experience enough good people took a hit from the recession and are playing catch up.  

If a lowly paid teacher earning a combined family income, before taxes of $80,000 can do this.

The investment property is in an LLC and would have a tax basis and earn income for a few years.

I really agree that it would be easier to hire a realtor and stay in my investor lane, focused on scaling..but I do place a large value on having another skillset that can earn me money, keep me challenged and interested while I learn and grow that arm of my biz. 

Two reasons, first there are some large wholesalers who started years ago, spend A LOT on marketing, are VERY experienced and knowledgeable, and are earning a VERY GOOD INCOME in the wholesale business.  

Within 10 years you can easily earn $500,000 or more.What happens if you sell?

This seems to be no different than if a customer went into a restaurant kitchen and damaged their equipment, thereby preventing the restaurant from earning income.Thank you

I realize the opportunity cost of not having renters in peak season and am simply factoring myself in as a tenant.  

You can also earn additional rent income because of the pet.