Once you start making exceptions to hard and fast rules, you erode your necessary tenant/landlord boundaries.

(which I often do) I LOVE to get those "back-to-back" rentals, where tenant A moves out on the 4th, and we're fixing up fast and tenant B moves in on the 10th.

I told the owner I can close fast and I'd like to buy the home.A week later the family real estate agent called and said they'd be interested in selling "as is" for cash.

I was super fortunate to buy in Denver neighborhoods that gentrified very fast.

I recently had a call come in from an owner that wants to sell his fathers property fast which is great but he has a reverse mortgage on the property.I'm not familiar this type of situation and want to know if wholesaling the property is an option?

It's not hard and fast and sometimes it'll work and sometimes it won't; just because it does doesn't make it a good deal and just because it doesn't does not make it a bad deal.Second, the 50% rule includes everything expense wise except debt, which means property management is included.

Those 20% have staff.Good luck, I love how you are just diving in, my mentor when I was started told me to "fail forward fast".

For example...Sell My House Fast Oklahoma City, We Buy Houses Las Vegas, Oklahoma Home Buyers, Stop Foreclosure Broken Arrow, etc.

I can tell you from experience many things can go wrong and your not in the area to correct it fast enough.

Get someone to help you blitzkrieg a house into just-saleable spare in a long and solid week while spending $5K or less and then sell it fast for $21K or so.