I've been in this business too long to see these schemes from a mile away.

If the 16 unit complex is cash flowing the same as the 16 units comprised of quads, but the 16 unit apartment complex is half the cost, it sounds like the half cost option is far better. 

.), and your total cost should be about half of the bid that you got, if not less.  

As a lender I see 30 loan submissions for every one I offer to finance, and close about half of my offers.As a note buyer I see about 10 notes for everyone I offer on, and close on about 75% of my offers.  

@Isadore Nelsonhappy to help - some of the expenses you're missing would be property management, capex, repairs, and vacancy / turnover.so for example - $1000 in rent - you might have $100-150 in property management, $50-100 in repairs, $50-150 in vacancy and placement costs, and capex would be whatever is coming due soon. a furnace, a dishwasher, whatever.it also generally costs half a month to a full month's rent to place a tenant. 

I helped with half the downpayment.

I lived in the front half while my subcrews where finishing up other areas.

I have owned a SFR in Jackson for about a year and a half and have been trying to understand the market.          

Being 2000 miles away is difficult.

Hey Josh,Me and my partner have been wholesaling virtually for almost half a decade, so the answer is yes: You can absolutely do wholesaling remotely.