So you would be getting a hit of $1,642.5 per month on the properties based on the numbers you provided approximately.

This past year has been my second year managing a long term rental, first time dealing with awful tenets.

There are a lot of agents who wholesale in PA, but you should know that agents who wholesale have to pay their brokerage their portion of the commission on their spread.

We will put about $2,000 into cosmetic updates and plan to resell it for $160,000-$175,000 What made you interested in investing in this type of deal?

With an emphasis on correct pricing, being the lowest-priced lot isn't necessarily enough right now; you also need to ensure you're priced in line with the most recent sold comps.

Contact your county tax assessor's office to learn how to find this information (it's usually online and easy).Talk to the neighbors.There are paid apps that may include contact information for specific properties.

I had downloaded all of the ledgers from the online portal .4 days after the relationship ended we started the process of auditing each property.

@Mary Jay, to layer on to Connor's comment, while some lenders will only pay draws on invoices paid with lien releases, there are also some that will allow you to submit draws on invoiced work.  

Unfortunately, you must refinance the property completely with a new mortgage in order to pull equity out (or pursue a line of credit with a local bank). 

This is an off-market deal.