Variations of this kind of 'problem' has been discussed elsewhere on BP, for instance in posts throughout: http://www.biggerpockets.com/forums/517/topics/64615-corporate-owned-wholesale-reos-not-on-mls?

There are so many variations on the specs of each that you'd really have to do a bit of homework beyond the generic names.  

I learned a lot, not only about real estate, but about a variation of poker called "Up the River, Down the River."

(please fill in the blank)I've done the analysis (well, quite a few variations of what-if scenarios using ideal conditions, bust market conditions, and everything in between) and believe the annual cash profit will be about $29K in year 1 (excluding appreciation, tax benefits, and rent increases)So there's a good chance that at some point soon, possibly sooner than later, I'd be relying on the success of this three-quad plan to 1) pay back the HELOC, 2) pay back the mortgages on the quads, and 3) provide me and mine with living expenses.Does this make sense?

They'll be close, but with variation.

I am very familiar with how the 70% rule works and have read several posts about other variations of the rule.

You could partner with someone who has good credit, and maybe some cash to kick in or some variation of that, 50% of something is better than a 100% of nothing.Your final option is hard money lenders, but rates will be very high and they will be very thorough on the deal and with out a track record may be a tougher option.

There are many different versions or variations of active investing (wholesaling, buy and hold, BRRR, short term rentals, and many others), but what the reality TV shows do not share are the razor thin margins, the cutthroat world of acquisitions, and the many unglamorous aspects of the business that make it very tough for the average active investor with a W-2 to be successful with this as a side hustle.

@Ryan Britt You can use the VA loan to purchase 1-4 unit properties. 2-4 unit properties have minor variations in qualifying and closing out the loan.

I've found a few online but OH BOY....Crazy variations.