He only had a part time job, but his girl friend from Brazil, whose dad is a business tycoon will be paying the rent.

Worth a few thousand discount, but understand they may want to foreclose and sell it to a friend at a discount as well.

Hello BP Community,I was looking to get started in wholesaling, and was talking to a close friend who is a Realtor to help me with my business plan.

SFRs have a few advantages though.... more family friendly, tenants tend to stay longer (at least in my experience), and better exit strategy (easier to sell, generally).

I am in NYC, but I travel back to Buffalo often for friends and fam.   

@Tony Castronovo Thanks my friend.

I learned to not be so friendly and more firm by drawing a line in the center.

Greg:    First, do not get discouraged by anyone, someone else is doing it so you can, not going to be easy.If not done already I suggest to look into this:Enforce that PM uses a great website for rental screening, ones with a background check and choose the best tenants possible.Review you leases to close any pitfalls and enforce the lease to the T.Keep the units in good shape and keep extra cash reserves ( fixing + trip expenses )Tiger than normal lookup on the PM ( have second PM line up ), vacancies, unit showing costs, repairs, fees, etc,  require a once a week normal operations report and a once a month full operations report.Family, friend on virtual assistant that regularly drive by the property and reports to you, or if cash flow allows and deem beneficial you can install security cameras and remote view activity on the property, nowadays there are lots of options.Check if feasible to get a home warranty plan for the units so some pain issues are self-managed by the tenant via a phone call to the warranting companyIn which city/state is the property? 

Just be friendly and tell them why you are interested. 

Hello,I have been presented with the opportunity to purchase a house from a friend.