That area is going to come up a lot in the next 5-7 years due to the I70 expansion taking place In multiple spots East of York.

If not I have scraps of baseboard to patch damaged spots. 

This should smash the myth of the idea that you have to live in a warm tropical vacation spot in order to make this business model work.

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Same with the roof, so neither of those seem like major issues to me.For me, unless you need the cash badly or have a better spot to put it immediately, while you've made a great investment so far, this seems to be only more of a home run the longer you can keep it, especially if you've already upgraded most of the rest of the house. 

That makes it way easier to spot gaps (or opportunities) in your numbers.  

Thank YouHi Justin, commercial lenders will be looking for the following but subject to lender and product-specific: (There are niche lenders)Investor Only - loans to Individual, LLC, Corp and Limited partnershipAppraisal of propertyUS or perm resident (some will lend to foreign nationals at 65% LTV and higher rates)3 mos PITIA and closing costs (some will use loan proceeds for this if within LTV thresholds) 3 mo bank statement for proof30-day ownership seasoning on refinancing (some 30 days to 90 days)No tax returns, DTI calculations or income qualification (most)LTVs up to 80% (some sweet spot is 75% for cash out)DSCR 1.0 -<1.3 (some will look at this but some won't sweet spot is 1.2)Credit 650+ (credit will impact rate and LTV)Min Property Value $75K (Higher min in certain areas)Lease or unleased (must be rent ready .. rate may vary)Min Loan Amount (lender specific rates will vary on amount)5/1 ARM, 7/1 ARM, and 30-yr fixed-rate structuresNo sourcing or seasoning of funds (some will ask for 30-60 days seasoning)Must own primary home (lender specific some do some don't) 

All points that you make are spot on.

@Ahmed Youssef @Jeff Kobernus is spot on.

Your idea of what a wholesaler is is based off of the select few out there that do not know what they are doing.