They are looking for opportunities to generate cashflow post-retirement, etc. 

Which leads me to look further south:However, if you look at posts from @Doug McVinua and others, he is saying that the same tailwinds (jobs, income growth) etc is favorable for QueenCreek, San Tan etc AS OF TODAY.

@Edwin GiraldoYour plan makes sense.I'm assuming you're looking to buy and hold and not for a single family primary residence...You should also consider that buying with cash will then give you options later to refinance to pull 60-75% out once the property is stabilized and generating income.

I estimate the property would generate net operating income of $100k ($120k gross, $20k opex).Questions:1.

I wanted to generate enough passive income to be free once and for all.

Can you lead me to a link or where does it describe the legal conditions for wholesaling?

I am not sure how much experience you have outside of the triplex above, but if you don't have experience in something that big, it might be a stretch to sell someone on you being an experienced business partner to lead a deal that big. 

Having your money sitting in a bad investment, hoping for it to generate unknown returns at some point in the future, is not a good strategy.

Eventually I would like to generate enough passive income to retire.

-Field food will generate sales tax for the city, which is a plus since all that money was going to the county previously.