A lot of other markets 20 years from now could be ghost towns with little demand.But on the flipside, that safety/security comes with lessor immediate returns, as is a normal balance with investments (more risk traditionally equals more short term gain potential). 

Note: All units are leased out currently and the total rent is currently equal to the interest payment we’re making so we’re at a break even but obviously can’t do this forever.

What I have found is that like cabins, one with a view and the other with a pool, that the pool cabin will significantly outperform the view cabin, all other things being equal.

The cost of points was $11,880, and the loan service and prorated interest rate fees equaled $6,126.

From the above example, let’s say your ARV is $100,000 times 70% equals $70,000 minus $40,000 in repairs means the selling price to your cash buyer is $30,000.

Every market has it's little quirks and all things being equal I would go with a local lender - especially with a purchase.

My understanding was that the proportion of time you occupied the home as a primary residence, prior to a sale, was equal to the proportion of the exemption you can claim but it sounds like its all or nothing.

Quote from @Matt Tortora: Fair point - but I will be partnering with someone who has good MF experience.If you are partnering with someone with experience in the game, your value to the equation is not equal.

Also, the myth of wholesaling does not often equal the reality of the strategy. 

Like I said knowledge is vital and paying for a weekend or a REIA membership or a REIA event is apart of your RE College tuition.Good luck, curt