Not to say you won't run your own numbers, but just saying wholesalers cannot be relied on.  

Or do you rely on the buyer in the area to assess the damage and modify the offer accordingly?

I believe the biggest obstacle you will face is the need to rely on a 3rd party builder for a 4 unit building.

the main risk for those you mentioned is Reputation and I think investors especially heavy BP followers rely on reputation bias quite a bit.

You should not be relying on an appraisal to determine what you can sell a flip for.You should be doing your own research and coming to a conclusion of what you believe it will sell for, how long that sale will take, what concessions are likely in that sale, and what type of marketing it will take to achieve that value.

The information contained in this post is not to be relied upon.

And in selling the notes, they frequently rely solely on the information the company gives them – which later proves to be false or misleading.COMMENT: This is not really applicable to note investors.Investors purchase the promissory notes, enticed by the promise of a high, fixed-rate return – up to fifteen or twenty percent – with a very low level of risk.

This doesn’t mean the offering isn’t a security, it just means it doesn’t have to be registered with the SEC.One could have an offering relying on the GENERAL exemption for private offerings.  

It's a great way to teach young adults about money and finance.I would love any feedback on what you think are the main forces holding people back from becoming financially free.

But if you are committed to purchase, a 2/2 would prevail over a 2/1, the price difference has to be nominal and now you might attract a different user like tow couples or adult friends that don't want to share a bathroom vs a young family that the kids are okay to use the same bathroom as the parents.