This would protect the owner if the tenant was not able to pay.

I personally think folks on here minimize the ease of out of state investing but there are definitely risks vs benefits to prepare for when not able to vet your own purchases. 

I'm not able to attend 2024 BPCON in Las Vegas this year unfortunately, and I have one general admission ticket available. 

I expect @Julius Vincent is correct, but I have notes from a few years back from a podcast with a publicly notable tax advising expert.   

@Basit Siddiqi Yes, well that's what I'm doing now, I'm actually trying to strategize and create a system that works, however I think I am still learning how to virtually wholesale and some things such as gathering the end buyer and my seller seem like a bad idea if I am not able to physically be there.

It's not that he is not able to help with funding, it's that his current living arrangement presents risk to lenders considering he is not a homeowner currently and I am.

If you're not able to do the inspections yourself or just want a second set of eyes, there are definitely services that can help.

Here are some other notable times when home sales dropped significantly:1980s: When mortgage rates climbed past 18%, buyers stopped cold.

I was not able to find any recent comparisons in the last year and since features and pricing change over time, wanted to share my research. 

I am seeing it now more than ever, flippers that got too caught up on the initial loan terms, and are not able to sell or even refinance because of market rates and conditions.