By doing this, you’ll avoid any surprises down the road and ensure the deal still makes sense for you financially.

A property is available off market that seems to be a great deal.

It's a super affordable real estate market where you can still find deals that hit the 1% rule anywhere from $120-180k purchase price.

There are still some deals out there. 

I wasn't planning on going this big for my first investment but the deal, location and potential to value add was too good to not go for it.Thank you! 

Would you take that deal?

For clarification, Fannie Mae and Freddie Mac aren't lenders, so you won't be dealing directly with them.2. 

Deal with it.Correct me where I'm wrong but Novations can be executed by either a Power of Attorney being given to the investor or by an investor just doing the paperwork, both being done after they secure their interest with an option contract (unless there's some other creative thing I haven't heard about yet).

Having said that, I think 1-2 wholesale deals a month while working a full-time job would be ideal to start and ramp up as I get more experience.

The BRRRR method (Buy, Rehab, Rent, Refinance, Repeat) could also be a great strategy to recycle your capital.To find deals, try direct mail campaigns targeting absentee owners or distressed properties, or go driving for dollars in neighborhoods with strong rental potential.