Personally I wouldn't feel comfortable trying to wholesale a relatives $1M home knowing that I am breaking the law if I cross over into doing anything that can be considered representing them in the transaction, and knowing it will only be marketed to people who buy properties wholesale (typically investors who don't want to pay retail prices), instead of the majority of retail buyers active in the market who are typcially willing to pay more. 

Your personal loan has a 5 year balloon period.  

Insurance- personal property.  

Unless you revise your plan and ensure that your personal use is under 10% of the rental use.

It actually says “Loans to Partner (or persons related to Partners)”.

Apparently, the person I am under contract with was managing the estate of the actual owner who recently died.  

Attend in person, bid, if you win you have to pay right then via a cashiers check.

I personally use 40% but I'm also in a higher rent area.

We purchased it off market, as-is, and as it was our personal home, we renovated over time.

It’s usually best to open a separate business checking account so your rental income and expenses stay organized and away from personal funds.