From wholesaler, and negotiated well based on minor conditions.

Keep in mind that I am selling them as affordable fixer uppers and usually only address any health, safety, and functionality issues.

After assessing the property's value and market conditions, we confidently made a competitive cash offer of $180,000.

Additionally, in the R-7 and R-8 Zoning Districts, you need a Conditional Use Ordinance from the City Council to authorize the conversion.

2) What are the usual amortization and interest rate terms/conditions?

What would you say is the average occupancy and daily rate for a 1500 SF 3 bedroom home in good condition around a mile from the beach / pier? 

I found a seller who is motivated to sell his property at a pretty steep discount.My plan is to put the property in escrow on an executory contract/land contract with the condition that the title will transfer once the seller receives his funds.

typically it's much more difficult or even impossible to wholesale something that is in retail condition / for which the owner wants a retail price. 

When he had to take a step back for health issues from what I understand the company seemed to go a bit sideways. 

In essence, they teach their select mentees how to find vacant commercial properties in good condition and great locations.