Honestly, I don't care about being rich.

Thanks for the quick responses! 

If you're flipping into a buy and hold, and the ARV is $200,000, keeping above numbers, then you can get a lender to give you longer term financing after some "seasoning" of 2-6 months (unless you're using delayed financing, which is all cash, then you cash out more quickly). 

@Alex StauntonA quick analysis:Monthly ExpensesDebt +Taxes+Insurance+Other Expenses ($4,800+1,100+200+3,000)=9,100Total Monthly Revenue = 9,000You still have not included property management (if we assume a 10%) you are looking at about 10k in expenses and 9k in revenue. 

Rentals go quickly? 

Some may be doubtful but word really does get around quick in these small areas.

Hi all, Quick question regarding Wholesaling: How is it possible for someone to put a property under contract, and then transfer that contract to another party?

If you got your stack because your rich parents gave it to you or you won the lottery, you'd still be allowed to play with the high rollers even if you didn't have the skill or the knowledge to stand a chance.

For a while, I was trying to start a business of running vacation rental properties but ran into financing issues as I had an extremely hard time trying to get sufficient capital to expand quickly. 

@Claude Boiron I wonder how quickly those assessment rolls are updated with the owner's current address?