But I would never put a price on the repairs or provide the ARV.I think the frustration we see in these threads is the mistaken idea that wholesalers should be offering discounts that aren't reflected in the rest of the biz.  

Correct, I was mistakenly thinking of UDFI (not applicable to 401ks) when I made the incorrect comment about 401ks not being subject to UBIT (applicable to 401ks). 

@Nic B.If I am not mistaken any 4 unit and bellow is considered residential or sfh and multifamily...In Zoning it depends on where the property is located and what the city approved I would verify zoning issues with your local planning department at the city hall...I have seen a 4 plex listed as a single family, but on the notes they always cover them self's by saying buyer to verify all info etc...Hope this helped.Jose Tamayo Jr.Endow Investing

Clarification, was this property mistakenly left out of the sale by an incorrect survey description, or was it never intended to be part of the sale?

Vikram, unfortunately you are mistaken.

If I'm not mistaken the same company purchased a large number of 2 unit properties very close by during the housing downturn. 

@David Adams I could be mistaken, but I believe what you are referencing is a form of Tenant Liability Insurance.

I've heard of it, unless I'm mistaken it is nothing more than refinancing and maxing out a HELOC on properties as often as you possibly can.

If I'm not mistaken (at least in my experience) these homes usually have a "do not flip" provision in the closing agreement as well where you cannot sell the home OR ACQUIRE A LOAN AGAINST THE HOME (think hard money or 2nd mortgage for repairs/flips) for at least 90 days after the date the title is recorded with the County.

I could be mistaken but I believe Fannie imposes the 75% LTV requirement.