Jim you keep doing these post like this and NO ONE is going to buy rentals ever again LOLbut seriously I like that you balance out all the blue sky and bring reality to the equation.buying rentals is not a set it and forget investment no matter what.can be with really special A class to strong B class but no way with blue collar 800 to 1000 dollar tenants.. don't care where how or what.. they are all people. some are pigs some are clean and neat some in the middle and you can't tell with an application .I suspect if you took the time to go check out their automobile before you rented to them.. or did a sneak pop in on where they are living now before they move into yours you might catch the pigs before they move into your freshly rehabbed home.

Be very careful wholesaling in WI, based on the verbiage in the law it is suspect brokering if you do not intend to close in your name or a business name. 

A win-win solution might be to charge some amount extra per month such that if they give the house back in the winter, you don't care because you have already made your money. 

Eh I don't care its legal all over now.. but if they have a 550 fico and cant explain it ( like it happened because of 08 to 2010 that's a problem) also non payment of support for kids.. don't want to do business with any of those dead beats LOL.. you know what I am saying.. 

before careful of certain HMLs some of them have hidden fees and charge you extra during the closing statements.

Any other newbies care to join me?

My mom wants nothing to do with the property and don't care what I do with it.

I've leased many times so know what to say to tenants - the pet discussion was thorough and often - we even delayed signing the lease as i was told by Mr tenant that his wife may want to buy a yorki-poo - (I was ok with it at the beginning but my policy is a higher deposit and I meet the dog) he finally tells me during our leasing process he does not want a dog and is deadly afraid of them and they will NOT have a dog in the house.The PM i'm partnering with in my business goes over today to do a property inspection - they hid the pitbull but the Yorkie-poo was found in the downstairs bathroom with a kennel and pee pads (meaning it's not potty trained) - I despise these little dogs as they will piss all over the carpet and since they're so little the tenants wont care or find the mess and clean it up. 

Tread carefully.

@Jason Wear I feel the exact same way, I’ve never cared more about learning new things as I have in the last few years in real estate.