The checking account can act as the home for the funds until you deploy the money into and investment, then all expenses and returns flow from and into that checking account that you control. 

It really becomes a time value of money calculation based on when you want to sell your Class A rental.

I am just beginning my journey as a wholesaler with zero money and zero knowledge.

Also, after a year, the mortgage hasn't been paid down by much, especially if it's a 30 year mortgage.The only challenge you may run into is if you purchased it using a low or no money down mortgage option like FHA or VA lending.

and guess what - that might be OK too - but only if 1) you're OK with spending that money and 2) the investment justifies it.

They need their own set for their requirements and not accept the ones in the FBI database - like WTF - what a money grab.

Hi @Alex Lee I would avoid 203K loan and work with conventional renovation loan based on knowing you'll be forced to use 203k certified contractors which will cost more money and offer inflated pricing because they must follow 203k guidelines. 

Quote from @Jaikevis Reams: In order to put a property under contract I need to provide proof of funds I know that I can get that from a hard money lender but I don’t meet there criteria for a loan approval what should I do? 

They marked it down as a "claim," even though the delivery guy never filed suit, asked for money, or sent a demand letter. 

You’ll need an agent who knows the area well, a solid property manager, reliable contractor connections, and lenders if you plan to use private money.