With this being a 3 bed with 2x 1 bed units, it is set up perfect for an owner occupant to live for free/cheap.  

This property is grossly under-rented for the area, $400 per bed (current rent) is close to half of what the average renter is paying right now. 

So whereas the home itself may be purchased at a nice discount off of retail, it doesn't appear to me to have enough of a margin to wholesale to a rehabber.

I keep it next to my bed. http://www.amazon.com/Secrets-Millionaire-Mind-Mas...

Weeding garden beds is a whole different issue.

In any case it would not be illegal for her to live in this property but always be over at her fiance's house and rent out a "room" to another family for a year and then change the lease to be for the whole house after a year.She could put a bed and some of her stuff in the smallest room and lock it in case anyone ever decided to investigate.

I always give them the leads where the seller wants retail for their property and would be open to working with a realtor. 

Now, we did lose 10 days trying to get $50/mo more than what we got for it last year since comps said we could, but those comps were from just a month or two before and that made all the difference.I was thinking that since these were SFRs, and school starts end of August, anyone that wanted to move that needed a SFR with 3 beds and 2 baths already did.

At higher cost of funds and short terms, you'd have to pedal fast to complete your renovation to either resell (retail) or make it rent-ready and (hopefully qualifying for conventional financing. 

Let's say I do a direct mail campaign with the following parameters: Absentee ownerOwned for a minimum of 15 years 40-100 percent of equity minimum equity of 30k single family 3-5 bedroomsno trust, LLC or corp ownedLet's say, for ease of discussion, the property is really worth $100,000 retail.