They are successful if you mail in large numbers and over a consistent period of time.

Period.

The cons of this are that many residential neighborhoods don't allow for rentals, so if we tried these areas and decided it wasn't for us, we would then sell as a traditional home as opposed to a renting it as long term rental or vacation home.I also realize I could rent for a period of time and evaluate but again, then I'm paying someone else's mortgage that could ultimately working towards my own.

Wholesaling is a sales and marketing business...period!

In short, just having your site up will not instantly flood you with deals.

Account ClosedI would just add the repair cost and cap rate to your numbers there.Do you have any REOs/short sales and such in the area?

:)This house is in Birmingham, AL and I am trying to wholesale the propertyThis house is listed with a realtor on the MLS for $79kARV is about $75k and minimal updates / repairs are necessaryThere is $68k remaining on the loan balance, but the seller is behind a few months on the payments and might have to short sale it to the bank (does this even make sense, I'm not entirely clear how short sales work?)

You are probably obligated to close if past the inspection period or lose you deposit.

We just released our annual short-term rental report, and PCB is the most profitable area in the U.S. to invest in a vacation home.

This property is a short sale and the the seller was in the process of filing for bankcruptcy.