You should get tons of interest from there, as long as it's in good shape and not way overpriced.

They are serviced with a note/contract servicer which holds the original docs, receives and dispurses pmts, does the tax reporting and enforces the terms like late fees, early payoff penalties,  interest-only end dates, etc. 

You lease it for whatever you advertised it for on the initial term and jack it up to the maximum a year for now when they renew.

Why do you think purchase contracts are so long and have such small print?

I believe this is a game of being patient --- long game of 5-10 years to see cashflow especially if you are financing. 

Given that he's got a long history in business but is struggling to cover $30k in Op-ex and marketing spend, my guess is that this is either not very well managed or is in distress.

My primary interest is in package deals that offer straightforward terms and quick closings.If you’re a wholesaler with deals that fit this description, please reach out.

Money in hand sounds great, but my portfolio strategy (even though it’s currently small) is long term buy and hold.

The headaches you get from a bad section 8 tenant can outweigh the benefits by a long shot.

The house likely won't cash flow as a long-term rental once you move out, and you're spending more money upfront in both monthly costs + downpayments and closing costs.