I have a list of PMLs and their lending criteria (1. amount they'll lend, 2.

I net about 3.5-5k a month(depending on airbnb) after all expenses including my primary residence and utilities there.I have built up a good amount of equity in the houses due to the renos I've done mostly myself and also from buying low during covid.

they DONT  these guys are trainers there is huge money in it far more than they could make actually wholesaling .. think about it the amount of properties that can be wholesaled is quite small actually very very narrow real estate nicheThe amount of dreamers who want to  make money wholesaling and then buy rentals then retire ( this is a common theme among those who start the wholesaling gig). 

Construction loans have a fair amount of fees involved.

If you don't even have that amount, then I think this deal is too big for you to take down on your own.

Though they are currently trying to bring it back.It basically amounts to legalized extortion. 

Limiting factors on purchasing the property are EM (5% on $10M is $500k of your own cash you're putting at risk), needing a net worth of guarantors to equal the loan amount and last but not least, finding enough capital who's willing to invest with a first time investor.

I highly recommend you study this, practice it, and apply it.https://www.biggerpockets.com/blog/rental-property-cash-flow...Property Details:Type: Single-family homePurchase Price: $289,900Down Payment: 20% ($57,980)Loan Amount: $231,920Interest Rate: 6.85%Loan Term: 30 yearsMonthly Mortgage Payment:Using a mortgage calculator, your principal and interest will cost $1,515 per monthRental Income:Average Rent for Single-Family Home: $2,171 per monthOperating Expenses:Property Taxes: $300 per monthInsurance: $100 per monthMaintenance and Repairs: Budgeting 5% of rental income ($109 per month)Vacancy Rate: Assuming 5% vacancy ($109 per month)Property Management Fees: If outsourced, typically 10% of rental income ($217 per month)Total Monthly Expenses:Operating Expenses: $835Mortgage Payment: $1,515Total Expenses: $2,350Net Monthly Cash Flow:Rental Income: $2,171Total Expenses: $2,350Net Cash Flow: -$179 per monthConclusion:In this scenario, the rental income of $2,171 per month does not fully cover the total monthly expenses of $2,350, resulting in a negative cash flow of $179.

"Sounds good to me"I know there's a little bit of playing around when it comes to not being able to pull out the whole amount depending on the agreement between you and the seller.

You need to post it and notify all tenants of the updated policy and the amount of the fines.