My total cash to purchase the property will be $6,500 + closing.With a contract for $43,500, I don't think there's much room for a wholesale opportunity & a 30 year loan would increase my cashflow by about $40/mo but I can't seem to find one right now.The property is a 3/2, 1,000 sq. ft. the lease renews in August, month to month, at $825.

Thanks for the consideration to put these out to the community! 

I am currently reading and watching everything I can get my hands on to increase my knowledge in the mean time.

Prices overall are pretty much flat (although individual neighborhoods are still gentrifying) and supply has finally started to increase.

If you consistently do this over the next few years, you will increase your odds of being able to quit your high paying W2 and do something that you are more passionate about on a day to day basis. 

Unrealistic expectations for rent increases for that sub-market.

Anyone noticing an increase of wholesalers sending MLS listings?  

In most cases the clerk will not care what the deed says as far as consideration... so if your deed says $20k cash for a property that is currently assessed at $500k, expect to pay 2.9% of $500k. 

That is one of the main reasons to take that path so that you can vastly increase your equity immediately.Your "cons" of 1 BRRR is throwing me off. 

I would analyze it to include the replacement rent once you guys move out because your true return of that property is providing you the utility of that rent (so if you lose $200/mo but would be paying $1,000/mo to rent elsewhere, it’s in fact a solid investment and you can ‘save that extra net +$800 towards increased principal pay down or save for another down payment.