Quote from @Marco Bario: @Kris Kempe - You should consider the risks for you and the seller when wholesaling a subject to deal.

Whie DOS lender risk may or may not be high, being ininsured is... well, enjoy your 'asset protection'.

Your income isn't high enough for it to make sense as a rental and the closer you get to your residence limit the greater pressure you will have to sell it before losing your exclusion in whole or part. 500k right now can make $15k per year income with zero maintenance or tenant risks. 

If it is someone you know you can give them a straight return as if its a loan - can provide a lower interest rate to provide upside - it really depends on the lender and what are they concerned with and what is their risk profile. 

When I see ones much more than that like yours in the $700s to well over $1000, run.

I understand why carriers associate Condo/PUD construction with greater liability risk (I am sure being based in Philadelphia, a jury friendly city doesn't help either) but curious which carriers others are finding to price coverage without this exclusion and also price the coverage competitively.This also serves as a reminder to review the coverage when you hire a GC for more substantial or unique construction assignments. 

I will say anyone offering this should be giving you all the pros and risks of the flint marketplace.

Again, this topic can be discussed AT LENGTH as well so let me know if you want to go further into it.My suggestion to every new investor is to trust your instinct. 

Tough to answer due to so many feelings about risk tolerances and what other investments could be making you as a ROI.I feel leverage of real estate is the real strength of this asset.  

Through my experience, I’ve cultivated a conservative approach that balances opportunity with risk management that I apply to every deal that crosses my desk.