That's federal poverty level income for a family of 4.  

Great to hear you are looking to bring it to the next level.

@Rob CeeI very much agree with you too that at low levels most CF portals allow one to invest, due diligence does slide off. 

It really depends on what exactly you are trying to do and the banks level of comfort/familiarity with what it is you want to do.

Cleaning and getting a unit ready for your next guest takes time and energy even if you have a cleaning crew working for you as we do.

So it comes down to comfort level.  

Lack of funds is just a high level excuse because the money will always appear if the deal is right. 

A minimum level of quality is important too and higher quality is obviously better, especially for flips.

As a wholesaler, you want to purchase the property (or get it under contract) and either assign the contract or sell the property to a 'rehabber' or retail buyer who finds the adventure of rehabbing their entry level home thrilling. 

He mentioned they have a flat rate prop mgmt fee and their rehabs are gutted down to the frame with all new systems installed and basic level trim.Neither podcast mentioned his last name or the prop mgmt company name.