The reason being if you show them those reserves and the deal goes bad, they are gonna come after you for that $ and that will put you in a really bad position.

Bad contractors are one of the main reasons why first time investors never do a second deal.

Bad tenants and squatters are wholly different situations.

The bad news is the LTV is 95% currently, and after a $4 million paydown it's still 88.6%. 

They'll probably also want to be sure that you are competent to operate the property afterward, because their reputation is tied up in who they do business with, and it's bad for everyone if the property becomes devalued.

And how do I roll this into a cheaper mortgage (my dti would be too bad for another conventional).Maybe a lender would be able to consider the electric "working" with the proper inspection?

I don’t have much to add for wholesaling other than to remind you to maintain integrity - too many less scrupulous wholesalers have given the name a bad rap.

But can anyone here actually speak from their OWN experience as to why NWAC is bad?

Well-maintained homes: Homeowners tend to spend more time and money maintaining their homes, which contributes to the overall quality of the neighborhood.

These areas tend to attract high-quality tenants and provide consistent passive income, which is a great foundation for building your portfolio.If you’d like, I’d be happy to share some insights about these types of markets and why they’re appealing to investors.