And that usually steers me away from that zipcode because I have to imagine that my house can possibly be vacant for months as well. 

Here's what I’m targeting:Investment Criteria:Unemployment rates below the national average.Rent-to-price (RTP) ratio of 0.60 or higher.Median home prices below $150,000.Growing population and areas where rents are stable or increasing.Key Questions:Which markets have you found to be ideal for first-time investors?

Any advice or referrals would be greatly appreciated.

Mid-term rentals cater well to this demographic, providing a balance between long-term leases and short-term rentals.4.

Be mentally and emotionally prepared for the attitude - well, if you can afford a second (or third or fourth home) then you can afford all of this.

We are concerned that the smoking/smell will turn off prospects as well as the extra cost of cleaning up areas after smokers move out.The building is in Illinois. 

And, you may need to be frank with him.  

I am sure it may be more advantageous with fix & flipping but I am more curious for specifically wholesaling.

All the trim needs to be repainted and recaulked everywhere.

Do I have the 20-year-old provide a co-signer and have the 17-year-old be an occupant instead of a tenant?