My opinion is he works harder than I desire to work on my RE investments.  

It will have a higher down payment than a primary of any type. 15-20%.

That's why it's not selling.In most markets, your Maximum Allowable Offer (MAO) to a seller should be no more than:        MAO = (70% * ARV) - Repairs - Wholesale_Fee        MAO = (0.7 * 290K) - 40K - Wholesale_Fee        MAO = 203K - 40K - Wholesale_Fee        MAO = 163K - Wholesale_Fee               - OR -        MAO + Wholesale_Fee = 163KSo, you'd need to get this under contract with the seller at under $163K to make any money at all as a wholesaler.At $200K you're NEVER going to get any interest from experienced rehabbers.This is also why you probably got no resistance or pushback from the seller.

However, I will say, I would much rather deal with the legal ramifications of giving them their money back and asking them to rent somewhere else, rather than deal with the legal ramifications of an eviction.

Sadly, not all the BP books are on Audible - but I'd love to use up my 12+ credits before I cancel my Audible account. 

More people on BP post about successes than the lessons they learned.

I would be more than happy to help you on your journey to investing in the Philly area, I'll shoot you a DM.

As importantly for investors is that operating costs for oceanfront or ocean view properties in Oregon are generally considerably lower than in comparative states. 

For me I think Belize is a safer place with a more stable government than Panama....but I have not done a whole lot of research.

Other than that, listening to BP podcasts, watching YT videos, and reading about real estate will all be beneficial to you.