It would be for $120k plus closing costs for a year or two until we could refinance.

@Kolin Goffthe short answer is yes but I don't think an increase of 30% is enough to make it worth it - because (A) DSCR loans typically have fairly high closing costs, which will just get deducted from your proceeds, and (b) your rate will probably go up. 

If you have that kind of money you should be closing deals, not wholesaling them.By the way, wholesaling is NOT investing, you're not holding the properties, your trading them. 

Some of my most recent client closings have been a turnkey 3/1 single family house for $120k and $5k in rehab needed and currently rented out for $1550/mo to section 8.

Hey, I’m not an investor, but some unexpected costs to consider are closing costs, agent commissions, and most importantly, taxes.

Rentals will not be my only source of income for the next year—but I want to get close to it being a significant source by the time I graduate LSU in the fall.

I’ve been watching the Oklahoma market closely, and it’s shaping up to be one of the best places to invest this year.

Lots of valuable insight on this thread already..Since you are an agent, you are in a good spot to source, close on, or sell potential BRRRR deals. 

It's a wholesale deal close to downtown and I want to build a portfolio of duplexes for buy and holds because of the ROI.

Here’s how you can stay informed and ensure your rental properties meet all legal requirements.1.