Steve, your comment motivated me.

Assuming you can legally represent your neighbor, you will need to have some sort of written agreement. 

It got me to thinking if there was a spill or some sort of damage all the hotel would have to do is change that particular carpet Square.

Dealers/movers definitely know what they can get, and private sellers follow suit so you'd have to be motivated/connected AND be able to move fast to find a fair deal on a decent 'newer' used manufactured in the first place.I'd probably go new 75% of the time vs what I've been able to find price wise, used, personally..

What sort of return do equity partners typically ask for? 

Would that standard 35-40% opex ratio be inclusive of some percentages for property mgmt fees (8-10% usually) and some sort of capex reserve assumptions?

An investor friendly agent can do all sorts of helpful things, like setting you up with a search for properties or connecting you with folks who have recently done deals like the ones you want to do. 6) Consider analyzing a deal or two in your local market, just for practice, with a free use of our Rental Property Calculator (or other calculators).

@Alessa LeSar get a HELOC on your primary for emergency purposes only.Keep saving until you have at least 20-25% down for a DSR loan.Start setting up systems & building your network to find motivated sellers willing to take less than market value.If you find a very motivated seller, you may be able to sell their property to an investor and get a commission plus finder fee to add to your savings.Over time, this will build your network for investing, which is a different network than what you have now.Be careful with your expectations for your sales in your 2nd year.

The main motivation for me getting into wholesaling was the fact that I need capital to get into long-term rentals.

But here's to sort of similar scenarios that might work: Because you don't have to replace the debt exactly.