Get them early enough, motivated enough (property priced low enough) and comfortable enough to deal with you and you have successfully increased your value as a wholesaler who with serious buyers want to do business.

I think psychologically it'd be better to increase rents rather than make tenants pay water, even if it comes out to the same dollar amount.Good call on the craigslist post.

Also it's possible to take advantage of opportunities where you could increase a cap rate by buying a vacant building for example and fixing up the units.

I won't lie, for my insurance related business it doesn't hurt that Springfield is an 8 hour drive in all directions from half the US population.

Good increase in equity , good cash flow, minimal vacancy factor and management requirements.

Your arguments to the contrary, or soft back pedaling, make you look inexperienced, unknowledgeable and just plain ridiculous.The reason private lenders do not want to lend on owner occupied homes is that those loans must comply with the SAFE act, resulting in burdensome regulations, increased costs, and greatly increased risks of litigation.

If the units can be improved, increase rents and/or look for longer term leases, you may increase gross rent.

The non college rentals as one might call the rest of the population could stay in your unit many years if they dont want to move.

So see hard money as a tool that allows you to leverage your limited capital and increase your ROI significantly.And by all means, develop your own sources of private money over time.

Visitors to the museum don't stay in town to hang out with the local hill billy population and sprinkle their tourist dollars on the local businesses.