Most prefab mfrs require deposit and the unit to be 100% paid for when it ships to your job.

He well exceeds both the use and ownership requirements.

From the initial marketing of the property to handling all tenant requirements and details, we maximize cashflow, return on investment and free up our clients time to focus on their investments.

The amount that you provide on his / her behalf is counted towards the 'support' that you are providing which may be required to list him/her as a dependent.Furthermore section 280A may limit you from taking losses in excess of income.Best of luck to you in your search for a CPA.

You cannot use a revolving credit card to use a down payment it must come from a liquid reserve, asset or open end mortgage like a HELOC.You will also be required to have and show assets and in most cases a PITI reserve of 3-6 months depending on the loan size and program. 

Additionally, if the property doesn't meet the buyers' requirements based on the inspection, is there a cost associated with this?

@Craig Imazumi - be cautious of the extra LLC filing requirements and fees in CA!

Let's consider two properties under analysis:The first property has a Purchase Price (PP) of 100k and an After Repair Value (ARV) of 250k, but it requires a substantial amount of work for remodeling.On the other hand, the second property is listed at 170k PP with an ARV of 250k, but it only needs cosmetic enhancements like paint and flooring.Which one do you feel more confident about pursuing?

Check flood insurance maps - if you're in a flood zone or near one, it'll affect your underwriting for a loan and they'll require flood insurance.

However, it does require the wholesaler to put capital at risk, as we used to say in my Brooklyn youth, “to put your money where your mouth is”.