This is NOT the time it took to sell from the date when it was first listed.This is critical, and rarely taking into consideration here.The time on market should be measured from the date the listing finally was listed at the  price it sold for, and the date it was taken off the market. 

At this critical stage of the housing market, it is all about mortgage rates," said NAR Chief Economist Lawrence Yun."

I have a property that may be ideal for this type of business.

With this budget and my goals, I ruled out CA and looking out of state.

I think the best wholesaling book is If You Can't Wholesale After This, I've Got Nothing For you by Todd Fleming.

In this case you are just getting yourself into higher debt at a high interest rate. 

We operate out of Raleigh and have definitely seen rental inquiries pick up in the last few weeks.

Your rent numbers won't work great either with this on top of your PITI. 

.,  We do not do it, as we researched it and found no added benefit - I have yet to find a company doing this that actually has a positive P&L statement. 

This 4-plex on SE Powell is interesting.