Do research to find where are people going, not just today but for coming years, where is the appreciation happening, where is supply/ demand cycles favorable, where do people have the ability to pay sustainably the market rates and cross reference all this by acquisition costs that leave a profitable margin on the table. 

@Aaron Acosta wholesaling is all about supply and demand.

With limited inventory on the market (8,400 active listings of all home types, where a balanced market would have 25,000-30,000 active listings) prices continue to rise and rentals are in fairly short supply.All of this bodes well for the supply/demand dynamic.

BUT I am ready to ship him some plumbing supplies. 

Its all about the  money, supply and demand.

Wait until you get the “main water line broke at your rental, it’s $5,300” or the “toilet supply line busted in the middle of the night, better call your insurance company, the emergency clean up guys are there now...” call.

It quite possibly/probably has some asbestos, lead paint, galvanized plumbing supply/cast iron drain line, aluminum wiring/outdated electrical, etc.

I did not know the specifics of the defect and could not supply the documentation to support my claim to the Title insurance.  

Supply and DemandSupply is down 74% from January 2020!!!! 

Under normal market conditions, prices gradually moderate and find equilibrium between supply and demand.