You can learn the specific strategies for doing this from REWW and other data aggregators for the wholesale flipping market. Rental income can be a margin of safety that protects you during economic downturns or collapses. You may not have the opportunity to have a home inspected , especially if you buy it at a real estate auction. They only accept cash and will even require you to have Proof of Funds before they even look at your offer. By continuing to use this site, you are agreeing to the use of that data. I still pursue them, but I am very cautious and semi-reluctant to pursue more. Things like a fresh coat of paint, updated hardware and new landscaping can make a huge impact!