Thanks No you cannot refinance a property but why not just get a traditional loan for the property?

Quote from @Zach Engen: The federal savings bank does 5% down on vacation homes, talk to Jason Wray over there.Email? 

While the second LLC does not yet have an EIN, can we temporarily operate using only the bank account of the first LLC (which also holds the property)?

A HYSA is a type of savings account that offers higher interest compared to traditional savings accounts!

Could you detail the process for a traditional wholesale and any monetary requirements as you understand it?

You are going to end up out your money on this deal as soon as the bank discovers the note holder has moved and signed an agreement with you to sell.

serious buyers but also the property may not qualify for traditional financing.

The only way you can start skimming profits is when you have enough money in the bank to cover all emergency repairs which could be $15,000-$50,000.

But they have the affordable priced properties......in comparison to the top non affordable states in the union. its also forcing us local guys out to the Andersons and kokomos too because we cant compete with the large funds bank account.

If I finance the rebuild then the 1031 exchange presents some challenges (I will need to land a property that cash flows or breakeven so that I can get the loan for my rebuild, or banks will count that debt against me).