Do you know what percentage he was returning on those initial flips by chance?

The wholesaler has found a buyer and is now refusing to return any portion of the assignment fee.

It's a business entity set up with it's own TIN, filing it's own tax return, and with a different ownership composition than the tax payer for your 1031 property. 

This is where you're really going to be able to find property at a discount and maximize your returns while also ensuring the lowest basis (and therefore the lowest amount of risk).

I do have to point out that regardless of cash flow, or return on investment, etc, the smaller units are A LOT MORE LABOR-INTENSIVE.

For the small return, my membership decided the business had become an opportunity not worth pursuing. 

This was the previous thread i created; https://www.biggerpockets.com/forums/12/topics/594...I am not employed currently and am still in school but have roughly a 50k bankroll and i can make 5k a month on avg and my credit score is okay so far (recently got credit card a few months ago), i have stats/graphs/records documented from poker earnings and am currently trying to fill out my w-2 filling tax returns to show proof that i have document-able income and all i would need is 2 years worth of w-2s? 

I gave property management over 2 months notice before I moved out and they said that they would try to re-rent my unit, but until then, I would still be responsible for my rent per my original lease agreement.After a month without any contact or updates, I just got an email from property management asking that I return my keys despite the fact that my lease is still active until 8/31/18 and I'll be paying rent until 8/31/18.

If you can't put that money to work for you at a much higher rate of return, paying down the mortgage might be a good alternative.

@Michelle Dunn a "handyman special" should have a much higher cash on cash return than 4% IMO.