A lot of gurus will have you believe wholesaling is easy and you can make a ton of money doing it with very little effort.

There's a few different ways to focus on a lower rate such as with house hacking and making the investment your primary residence, requesting a significant closing credit from the sellers for standard rate buy-downs (which I've had great success with recently), or utilizing lenders who offer short term rate lowering solutions such as 2-1 rate buy downs (again, ideally paid for by the sellers).

My friend @Miller McSwain has a ton of knowledge on Co-Living if you want to check out his stuff on how it works in CO

I reduced my responsibility to only taxes/insurance while the tenant buyer does the maintenance, pays utilities and makes monthly payments to me. 

For example, I have a subject property that has 1682 SF on the main floor and 810 SF of finished basement (the majority of which is about 8 feet in height with the exception of some bulkheads to hide the mechanicals) and 271 of semi-finished basement that is a utility room basically (washer/dryer, freezer, hot water heater, furnace, some storage).

@Kyle Trotman If you purchased with a hard money loan conventional lenders will require extensive seasoning to utilize the new appraised value for cash out. 

I would like to purchase my first property sometime next year, utilizing this year to learn and network as much as I can.

It's a smaller, family-friendly community that draws a ton of repeat vacationers (families will book the same place year after year). 

@Aristotle KumpisPossible yes likely no unless you have a ton of equity in other deals that can be cross collateralized

At one point they fell behind by $2100 but has since caught up and paid me but did not pay the electric bill and it was turned off.