Should I be a private lender since rates are so high?

I would highly suggest bring a profesional with you, when you visit the property to inspect the fan.

With these high interest rates, now is not a good time. 

This is why most double closings are performed illegally, not because the double close portion is illegal, but wholesalers tend to circumvent licensing requirements to make a buck.Just as there are legal ways to drive and operate a vehicle, there are illegal ways to do the same. 

The party you’re in contract with has not performed, refer to any contractural obligations you have with wholesaler.  

Appreciation is just the cherry on top.The last few years Toledo somewhat caught up with appreciation but I believe we are capped now.It's a slow moving market and always behind the rest of the country.There is just not enough demand/infrastructure growth like in other markets to support continued appreciation.Historical data shows the Toledo market appreciating at the pace of inflation which is nothing to brag about hehe.IMO, it's a cashflow play and you should consider building a larger portfolio because it will be safer.Owning 1-2 properties can be a "hit and a miss" and really not the providers or PM's fault.There is a high likelihood of turnover so it's important to build a larger portfolio.If you experience "drama" on 1 or 2 properties, the other 4-5 are performing and can subsidize any losses incurred on the few that temporarily aren't performing.Wishing you much success

You would hand that check to the lawyer who is performing the auction in exchange for a bidding number. 

I'm perfectly willing to pay for my MLS access, but I don't want to pay the high membership fees for KCRAR.Can anybody shed some light on this process? 

Greenbridge Property Management would be highly recommended.

In my market, buyers are looking for about 12% or more in gross rental income relative to purchase price, so if you have a $500K property that's only doing $40K/yr under the current management, don't post rental history (though most buyers will ask for it, so be prepared to explain why it's performing the way it is).Also, network with agents who specialize in STRs.