Many judges would feel you got paid even if no cash was sent to you.I could see this potentially working on a higher-end property that it in excellent condition with a Grade A tenant.  

Home is potentially upside down on mortgage (verifying that) and current owner wants too much for the house.

Hard to give up such a low mortgage rate, but in the end that's small potatoes compared to potential OOS problems.  

You can still easily find the 1% rule and positive cash flow and there's amazing appreciation potential.

The sellers had put so much pots, plants, planters and shrubs out that I thought there were too many plants/planters that would require a new owner to upkeep.After a few potential buyer tours/showings, the owner heard all the comments (via the security cameras) about how there was a "lot going on with the plants and stuff out front".

Quote from @Brian Dolbeare: I’m considering purchasing a small multifamily property in Pittsburgh that I really like, except for one potential drawback: it has 100% street parking.In my current market, lack of off-street parking would be a significant negative, especially during winter.

Combine those factors and start thinking of nightmare scenarios, because they are very real and you must be proactive in policing against there potential to occur. 

I was particularly drawn to this deal because of the strong growth potential in Bushwick, Brooklyn.

., giving you market guidance, open houses, vetting potential buyers who don't have and don't want representation, contract negotiation, managing/scheduling/attending inspections and surveys, fielding bank requests for information, making sure government paperwork is done, you imagine and write it down and you'll still miss some stuff, but that's okay.

I highly doubt Paces team does anything more than sell you his system.. no way they are vetting potential borrowers of small EM deposits  :)  many beginning wholesalers do wholesaling because they have no money or credit or credit is tarnished etc.. this is ultra high risk en devour to be loaning money like this to people you are meeting on line..