Let's say a few years down the road you need the money out of the house.

However, the guy who wrote that book teaches at the Harvard Business school, so I'd say do what he says over what I say, as he is probably a lot smarter than I am. 

@Aroldo Villarreal,In general, you can sell anything you legally OWN.That is to say, as a wholesaler, you can sell your position in the purchase contract - nothing more.You can't sell the property - you don't own it.By listing the property you would effectively represent that you either own it or have been hired by the owner to sell it.

And bed rooms and comps what would you say a 1350 sq ft 2 bd 1 and half bath would be?

I've actually had a credit card for around 5 years already, but I've never checked my credit score so I can't say as to what exactly it is at this point.

You then get credit (in theory) for the full note balance (double what you paid) if you trade it for real estate - say as the down payment while getting the owner/seller to carry back financing.  

I know I call to open escrow, and i believe it's right after I sign the Purchase and Sale agreement, but i dont know much more than that.2) How does it work if there is a mortgage on a home. lets say a home is work 120k, with 10k needed as repair, and 60k owed on a loan.

May be worth it to loan a down payment to yourself and then pay yourself back at say a 10% interest rate.

The inspector has construction knowledge but also compliance knowledge, probably has more information on technical repair issues with mechanical, HVAC on different models and appliances.A contractor buys parts, say a GFI breaker, thinks nothing of it as it's at the store.

3) What if we only use say, $500k of the money; what how do you figure the tax implications on the balance.4) Do I have to buy another multi-use or could I buy say a 3 unit, a single house(s) and a getaway cabin with land for our use?