@Jeremy Geyer, your goals sound an awful lot like mine.  

It sounds like they did not install the wire lath properly and that may be the problem why it is cracking so much in which case it can be removed and redone by a qualified lather (paperback lath). 

Sounds good @Joel Odegaard.

On a home that had been properly rehabbed, this should be a sound financial investment.Considering the fact that you are investing in real estate with unknowns - tenants, unforseen maintenance issues, insurance claims, etc - to me - a 4-5% return doesn't seem like an adequate return on my investment (risk vs reward).

If she had sent the security deposit already I'd have kept it, telling her she has a signed lease and I'll be using this to pay the first month worth of rent and she'd better hope that I find a replacement for her by October 1 (although in Georgia a landlord is NOT required to remedy this).However, since we're talking long distance and no money exchanged do what others have said; chalk it up to an experience and move on.Gail

It sounds like you know about the Cleveland market too.

Any articles that go in more detail into wholesaling, Books that you have found helpful.It sounds pretty straight forward what you are describing, however, I have always found that the devil is in the details. 

Sounds like you're at the right place!

., being able to sound like you know what you are talking about) through the many excellent books on Amazon, as well as videos on Youtube.

I know the cost will be 1500 to replace all carpet, flooring, and paint if I do it on my own, if I let them I know it will be 3-5 times that amount.