It would be a waste of time, and money. 

However, rates are not great right now so taking out the money necessary makes the monthly payback greater than what we could get in rent.  

I want to go in prepared and not just jump in because I have some money saved. 

I do not borrow money for the EMD.

The long-term moves are to get a concession to buy down the rate for good (not a 2-1 or 3-1 buy down), it's a smaller number (i.e. .25% or .5% decrease on the rate), and getting their full closing costs covered is money out of their pocket today they'll be saving that could be huge to give the buyer more money for repairs and/or furniture along with just life expenses. 

OPJust borrow the money in the US and use it in Belize.

So that the wholesaler can make some money.

Hard money loan How did you add value to the deal?

that money is tax-free. 

He makes it sound like you are getting great 1 on 1 training and can dogreat deals without spending lots of money prospecting for deals.