Also, the opportunity to buy a home there 6 months ago, at those prices, has disappeared.One last thought...if you buy a resale home that has been remodeled and includes the new code requirements for roof and windows, your insurance will not be excessively high.

Thanks Jay,We couldn't be where we are today without your help over the years.I want a fat dinner from you heheWe can bring the girls and let them chat while we talk biz :)Speak soon mate

The good 'wholesalers' I know are also flippers, often holding a Real Estate License, simply wholesaling the excess deals that they spend good time and money to find, analyze, and put under contract. 

Many markets have changed dramatically in the last year, with CAP rates dropping as new investors poor excess cash into REI. 

[Looks like my new mortgage payments would be similar as my current from using mortgage calc. with pmi.]My excess cash is $52,000.

I added TV and Internet for $100, then an average cost of utilities (with a 20% increase because I expect excess use).

We were told this solution was arrived at after a decade of silver fish infestations and excessive clogged sinks and toilet overflows.

Let’s say one has an excess of $500k that is in a high yield saving account earning around 4.5-5% APR.

They have skin in the game for damages and excessive messes.

That said, I have not yet sold a rental property so I have not experienced the high of getting a fat check at closing.