Remember, these are just rules of thumb and you should analyze every deal with a spreadsheet tallying all actual expenses.

Remember that property management is likely a fee they will pay with or with you being the property manager.

Remember it's just a starting point for many more factors to look at.

you can get a PL to do a deal for a first timer, IF you have good credit and put a lot of 'skin in the game'I'm assuming your planning on flipping, remember the lender is the one taking risk, will you do what you say, is the deal as good as you say it is, will there be unanticipated problems (yes, especially on your first rehab, but on most rehabs) etc etc, you have to give them a reason that you won't just walk away if problems come up,,if you have a lot of money in the deal, you would be less likely to walk away, if you have good credit, you don't want that messed up.Don't give up, but find out what a PL would want in a particular deal,,then work to get that cash/experience

Forget the 2% rule, but remember the 50% rule.

Also, remember that you can haggle the insurance company on your own as well.

Remember any immediate capex comes off the purchase price.

Remember you don't have to own a property to control it.Good LuckPaul

Most important is to remember what hat you are wearing at any given time!

I believe wholesaling requires more knowledge than conventional buy & hold or buy & flip,you can find more info here from experienced moderators...Also remember ,most Cash buyers know what they want,so you should know everything about the deal you want to sell in a hurry...