Fast forward 4 months and my realtor and I have had little to no action on placing a tenant.

Remember to celebrate your milestones, no matter how small, and continue to learn and adapt as you navigate the ever-evolving real estate landscape.

Free no charge meetup just good friends and networking. 

From there you'll need to determine Debt Service (if it's a financed deal) and Capital Expenses, to then calculate Cash Flow.The Cash-on-Cash Return (CoCR) will just be Cash Flow divided by the All-In Investment (Purchase Price + Renovations + Closing Costs + Wholesale Fee).If you're wholesaling these deals, I recommend you aim to offer your buyers a Cash Flow of no less than $250/mo and a CoCR of 10% or higher.

In most cases, they are very young with no income, no credit history, no rental history, etc.

Biggest regret was waiting to long to hire a property mgr.

Only choose one or two investment strategies to implement and learn as much as you can about them (picking multiple strategies will only lead to analysis paralysis and cause headaches, which will likely lead to no action taken).

Legally, it's mostly like renting by the room so there are no extra hoops to jump through in 90% of the country.

I would think no, and that a refund is owed but I also am not specific to the market. 

I do not allow them to hang it themselves so there are no issues with a tenant who doesn't know what they're doing trying to get the wall mount up.