As a wholesaler, you want to purchase the property (or get it under contract) and either assign the contract or sell the property to a 'rehabber' or retail buyer who finds the adventure of rehabbing their entry level home thrilling. 

He mentioned they have a flat rate prop mgmt fee and their rehabs are gutted down to the frame with all new systems installed and basic level trim.Neither podcast mentioned his last name or the prop mgmt company name.

I bought my first house at 20 and did a live-in flip in a college town.

Part is housing paid for by a local college and the other is warehousing paid by a local contractor.  

One of my College professors told me one time you have earned the right to say "hmmm that's very interesting I'll have to get back to you on that "I have been in sales for over 30 years. 

A lot of less experienced rehabbers seem to like more entry-level, working class neighborhoods around the city like Beechview, Brookline, West View, etc.

Honestly, as two single male college students, we didn't take care of those floors.

I became involved in investing as soon as i graduated college and I could afford to do more than just invest in keeping myself fed.

Aaron, that is a local law question for a State College PA real estate attorney.

Norman is a college town so I don't think finding tenants will be a problem.