They will use hospital emergency rooms and not be able to pay.

You also need reserves for vacancies, general emergencies, etc.so the real take away is that you did not make $27k on those properties for the simple reason that you failed to adequately calculate your expenses.a labeled account for reserves shows your intent and helps justify your deduction.

The funds will be used for my down payment and the rest will be used as emergency funds.

Have you looking into the Navarre Beach or Panama City Beach Market: 1 Location: Located on the Gulf of Mexico, offering beautiful beaches and crystal clear water. 2 Lifestyle: Navarre Beach is known for its laid-back, beachy lifestyle, making it a popular destination for vacationers and retirees. 3 Investment potential: Property in Navarre Beach can be a good investment since there is tons of new construction occuring on the beach and inland. 4 Community: Navarre Beach has a strong sense of community, school systems with many local events and activities throughout the year. 5 Natural beauty: Navarre Beach offers a variety of natural beauty, from the beaches to the state parks and nature preserves. 6 Quieter: Navarre beach is a quieter alternative to the busier beaches of Pensacola and Destin, but still close enough to enjoy the activities and amenities of those areas. 7 Military friendly: Navarre beach is home to Hurlburt Field Air Force Base, making it a popular destination for military families and veterans. 8 Affordable: Navarre beach offer a more affordable option compared to other coastal towns in Florida, making it accessible for first time buyers or retirees.Rentals, appreciation and gentrification is happening in these areas with new price point emerging due to infrastructure being built out. 

It would be nice to have that cash on hand for emergencies as well as to furnish the house (I wouldn't be investing the money).

The Wall Street Journal/Realtor.com Winter 2023 Emerging Housing Markets Index put the market as the #1 emerging market in America, classifying it as a hot market. https://www.ibrc.indiana.edu/ibr/2023/outlook/lafayette.htmlI've worked with a lot of investors who have found success investing in smaller markets throughout the state.

Be aware of hidden damages in foreclosed properties, factor in potential vacancy rates, and consider property management for a larger portfolio to streamline operations. how would you advise wholesalers to work with real estate agents in emerging markets

Emerging Trends**: Like many cities, Mobile is experiencing shifts in consumer behavior and workplace dynamics, influencing commercial real estate trends.

Get all this together and have the seller submit and emergency motion to the court to postpone the sale for 30 days. 

Buy your next place with some of the money as down payment and the rest available as Emergency fund.