Hi @Larry TavarezI think 2 main things are at play here: first, as you mentioned, cash buyers can close much faster and most wholesalers market that they can close quickly so you lose that competitive advantage.

It they appreciate faster selling your home and buying 2 appreciating properties make more sense.

I like lease option assignments instead of wholesaling, easier and faster, see my posts.http://www.biggerpockets.com/posts/user/REISkillsPost often, ask questions, find something that excites you.You can buy on land contract in OH easily.

Would it be better to do that so that you can refinance the rental home faster and you might actually be able to get a better deal since you would be buying the house cash?

It helps me get off the ground faster in a new market.

@Derek LeBlancIf you want to make money with lease options and you are BROKE, lease option assignments are the best way, fastest way, faster than wholesaling. https://www.dropbox.com/sh/0g4o90m54qgr6ol/0oB9XwjJ9Q free files

I think that "subject to" and "lease option assignments" are both a lot easier and faster.

@John Steele @Chuck Holland The only reason why I prefer to pay off the smaller mortgages is that I get the benefits of being able to save more money faster.

Also as a great way to have faster cash available for future projects.

On several of our older homes we've used black floor paint (latex based) then followed it with three coats of oil based Varnathane (which seems to dry faster than the oil based paint).