@Nat Chan price point is low for a quality area with high rent.

Due to some areas not having rent control, the cap rates that they are trading @ can be extremely aggressive, I have seen as low as 3% based on pure speculation and projections.

My deductible is low.  

@Steve Vaughan  I think the reason they do is for some reason they believe what they hear that the way to buy rental real estate when you have no money.. is to wholesale first get some money then buy rentals.when in fact wholesaling or buying and selling deals quickly in any volume takes a lot of skill.. significant marketing capital.. and most of the time they are breaking the real estate laws.And you have all sorts of HOW TO trainers selling their boot camps and of course they lead with you too can get rich with NON of your own money..theoreticaly that's true.. but not really reality in the real world..not to mention some areas simply do not have enough distressed real estate to make it viable at all.other areas like urban cores and cities that have seen hard times much easier to at least snag low value assets no one wants.. much of this is done is rough areas.Granted there are always hoarder houses and other fixer types in the nicer areas but its uber competitive for them.. and generally there is not enough profit in them to feed all the mouths.the wholesaler the buyer the buyer having to use hard money the contractor sales cost etc.. that in my mind is why you see so many post about HEY wholesalers don't know what they are doing..

Unfortunately, once you leave your employment you also leave behind the low interest, easy to find, easy to qualify for conventional financing.Some people have successfully transitioned to self employment, Sch C or S Corp income. 

The low interest rate I cannot give up especially since rates have risen quite a bit since then.The place will be my second short term rental property. 

How do you equate a potential renter with no fico with a low fico potential renter? 

I bought Brandon's book, "Investing in Real Estate with No and Low Money Down", and I have almost finished it within a week.

PM is a high volume low profit product to go along with but/sell brokerage services.

If this is in the Atlanta metro area, that sounds pretty low and could very well be in a rough area.