You could structure it like that, or structure it to pay the interest and principle of the loan each month too.Of course, your cash flow has to really work for this to not get you in trouble.

But as someone who started in real estate before being licensed, there is a place for ethical wholesaling.  

If there's PMI, pay down principle to get rid of it.

These are professionals with additional training and a stricter code of ethics.

go by this Principle, most people like to work with who they know like and trust.

As you make payments, your principle goes down over time. 

You want to have more room in LTV paying down principle to be better position for refinance in a few years when rates hopefully come down.

So no money down, $845/month cash flow at 95% occupancy and about $800 of principle paydown.

Also, here is the current listing for the asset:https://buildout.com/connect/sharing/3125-crestdale-drive-ho...Based on this property, sounds like maybe the property didn't go into foreclosure, per se, but that the Key Principle stepped in and removed the operating partners due to mismanagement.  

In reality to be successful in real estate you need knowledge of real estate principles, real estate finance, real estate law, and real estate practices.