Ultimately, I'd like to be able to blend the working knowledge I'm gaining right now in Architecture and knowledge I'll learn about real estate to start small with owning rental properties before trying to move into multi-family housing development and becoming an Architect/Developer. 

Am I an amateur for going to the bank for a blended rate of 9% on a combo-mortgage package with 100% financing?

Blended rate on $285k mortgage of say 8% is $210 per unit.

I have been voraciously reading posts on BP, flipping junkie.com, and 123flip.com, among others, and am aiming to find and complete my first wholesale deal by the end of this month.I'd love to hear from other Atlanta investors, especially those that want to know about the great deals I'm about to uncover....JP

A title search before bidding would have uncovered this.

But a good inspection and negotiating after the inspection can help uncover deferred maintenance expenses. 

Russell Holmes Kerwin Montilla Anthony Perugini Hey all, I would love to join a group if you all are serious of taking a deep dive to uncovering what it will take to build new multi units in Central FL.

Have a client going through them on one time construction loan for a new build and I have had clients use them on a Cross Collateral Loan where people can buy a home without a contingency on selling first (hard to get accepted offers on contingencies in Boise these days) as long as the blended LTV of the two is about 75%.

Sometimes you can find a nice blend of both, but often more of one than the other. 

Not only will it help uncover anything major, but it will also provide you with a roadmap of what needs done to the property to get it ready (and safe) for tenants.