However, school will be over in December, the wedding will be done mid February, and after that I won't know what to do with myself.My main bare-bones goal in real estate investing is to supplement my retirement income.  

Indian bones, and all sorts of other little weird things most people would never think of ..

I played the Trum bone in middle school, When I got to High school I decided to play Sports.

A bond or other evidence of indebtedness is not offered and sold as a unit if the transaction involves: (a) A partial interest in one or more bonds or other evidences of indebtedness secured by a real or chattel mortgage or deed of trust, or by an agreement for the sale of real estate or chattels; or (b) One of multiple bonds or other evidences of indebtedness secured by one or more real or chattel mortgages or deeds of trust, or agreements for the sale of real estate or chattels, sold to more than one purchaser as part of a single plan of financing;

But it seems that in general if superior homes to the one you talking about are being sold at only 120-136K, there doesn't seem to be a lot of meat on the bone to wholesale it.

Flipping is a J O B, one that requires time and expertise.

The benefit of this is that there is often a lot of meat on the bones.

A low LTV is a natural defense mechanism because there's not enough meat on the bones for an attorney to go after.

If not, I would personally use someone else unless you're really looking to throw her that 3% commission bone.

There may be some meat left on the bone later... or not.. even with no equity, it works if the TERMS are good.You can do these deals all over the world.