Fannie Mae's Home Ready product, which also carries a high loan to value (97%) would restrict your ltv on units (4 unit max ltv on Home Ready is 75%).I'm not sure where you're looking in Baltimore, but for the most part, up and coming neighborhoods are a block by block proposition.  

So if North Carolina is anything like Florida, court will likely be a losing proposition.

buy and hold with no equity is a very risky proposition. its a very difficult transaction to pull off.. lots of things have to align..

However, that is a risky proposition, especially if you do not have anyone local to help you.  

Trying to approach a seller or bank owned property  with an acquisition rehab proposition loan like a 203k is more than a notion these days! 

@Nathen Macias  cash or a loan.. and you need your own funds  to close you can resell same day of course but the buy funds have to be good funds and not come from your end buyer.Account Closed  as we have discussed my entire Oregon portfolio prior to the new laws being enacted in 07 .. were foreclosure bail out rent backs.. no secret there about the value proposition on the right deal. 

Now maybe if you have a message around risk-adjusting out 90% of the wholesale deals you have a value proposition.  

It's not such a great proposition, I presume, to meet with a young new investor who has only free coffee or food to offer in exchange for wisdom.  

It's a losing proposition.  

Yes @Karen Margrave it's an interesting proposition.