There are numerous, so I will just state the number 1.Lender:  Pro - Higher interest rate (return) than most other passive investments with the same risk profile             Con - Higher risk than money market funds, many debt funds, savings accountsBorrower:  Pro - Easier qualifying than institutional financing with an ability to structure the loan “outside the box”                 Con - Higher interest rate than conventional or institutional financing 

Unfortunately, the purchase price side of things now makes price to get in outstripping rental market ability. 

Rent lands in my account - done.Tenants like the ability auto-pay.I don't have to be the bad guy with late payments.

For a wholesaler where every marketing dollar matters from what I understand I would think the 2 bedrooms would be tough because you do not know if there is the ability to expand to 3 bedrooms.In general a 2 bedroom is not very desirable to a rehabber unless like has been mentioned there is the ability to make a 3rd BR.

This would also give me way better knowledge of finance and ability to get good jobs long term, if I need to work a regular job.Can't wait to hear all of your thoughts, thanks everyone!

If not, does she know that your ability to close is contingent on your finding a buyer?

You need to have the ability and the wherewithal to take action by sending mail pieces and answering the calls.  

The previous tenants never complained about it, but I'm concerned that it may negatively impact my ability to find a good tenant. 

I have made several contacts who have been buying and holding for 15-20 years, and they now have the ability to use their own HELOC's to fund their flips.  

I really like MHs on land for their affordability and great cash flow ability.