(It was(is) possible for a sponsor to lead a deal with little funds, but is harder now as the prices have risen.)[2] You can not be too shy! 

.- Background: Took some real estate classes before but really a lot of self learning on creative financing - Current Goal:To close my first wholesale deal within the next few months by learning from seasoned investors and applying proven strategies.I'm here to absorb as much knowledge as possible, so if you have any tips or resources, I’m all ears!

Ownership and profit-sharing can be split based on contributions, with you possibly earning equity through sweat equity.

I'm trying to get a mortgage, but it's entirely possible that the mortgage might not cover 100% of the price of the house.

In the worst case, the property is offloaded as quickly as possible, pay off LOC and take whatever profit there is and go to the next investment.

I suspect it will be well used and have high maintenance costs.Software: office of google office, asana, possibly quickbooks (i would normally not suggest for a single rental, but the rent by room compounds things).  

I would just excavate a few 2'x2'x2' (or larger if possible) spot footings, w rebar and Simpson hardware,under the house (you will want to take up the floor to make this easier to do).

Today this would be possible in high priced markets were your average loans are more in the 500k range so only 10 a month.. like CA  NJ  Denver and ski areas . 

There's a lot less distress in the market nowadays, but if you know where to find it it's possible. 

But I would not have the expertise of setting it up the best possible way for my specific needs.