However, on the other side of the coin, it's much easier (and perhaps necessary) for them to move more often because they tend to not hold on to a lot of physical items.

This is not a simple question, but a couple of helpful points.Many improvements if under $2,500 can qualify for the expensing of items under the de minimus safe harbor rules.

In FL, there are certain items that are required by law.

I'm currently flipping items on craigslist/ebay/facebook for profit.

Tenant's only item building credit is a car loan.

I won't take a moral or legal position on it, but personally I am extremely uncomfortable if there is more than one wholesaler involved in a deal (double- or triple-wholesaling).I feel that wholesaling is a delicate enough dance as it is, that having so many extra parties involved is just begging for one of them to screw it up.It also has a feeling of "find the bigger fool", and as the end/real cash buyer I am not willing to be the biggest fool in a chain of fools.And as you pointed out / implied, many of those "wholesalers" are very new, indeed.

Nick,Now let's touch on a couple more items to put things in perspective a little bit.

One of the painters is a friend so I'm going to meet with him today and walk through the quote to see what work needs to be cut to get to around $5K.The items that immediately come to mind when thinking about cutting are the garage walls, powerwashing the vinyl siding and deck.

Disclosure: I represent Affinity Loss Prevention Services, the chosen loss prevention partner of NREIG/AGMThis question and a few items came up in another thread and warranted further discussion.

There are still tons of people who will buy or rent within an COA/HOA because they like that the who community will be maintained to a certain standard, the cost of shared amenities is spread out, there is a management company who will handle all the maintenance items on the exterior of the unit for you and usually budgets for replacement of items.The cons of a COA/HOA is that they require an application/approval process.