In fact, a lot of lenders will actually give you a better rate for lower loan amounts due to the reduced risk of you doing a refinance.

Quote from @Marco Bario: @Kris Kempe - You should consider the risks for you and the seller when wholesaling a subject to deal.

This collaborative approach not only enriches your understanding but also opens doors to potential partnerships and investment opportunities.

The neighborhood has been flourishing, making this incident highly unusual.What initially drew me to the property was the potential for high rent and strong cash flow.

Since this is my first project, I’m very open to any advice or suggestions—especially regarding potential obstacles I might not have considered.

I've never done any Sacramento STR loans and only been hit up for one potential financing opportunity there.

And since you are licensed, you can potentially do some sales on the side to increase income and save up for investing.

Most wholesalers are not good at what they do, are unlicensed (which is illegal in most states), and lock up the property in a contract with zero risk to the wholesaler.

.: Any idea how far south the potential for Santa Ana or similar winds goes?  

You need to minimize upfront expenses because 100% of your investment is at risk and lost if the lot is not buildable.My favorite strategy is to locate the property and tie it up for usually no more than $100 for a period of 8-12 months, analyze it myself and if I believe it to have a chance at being buildable I create a permitting plan and market the property to other investors/builders willing to take on the permitting risk.