It depends on how much time you have to put into wholesaling, how motivated and dedicated you are, and if you have any money or not to put into your wholesaling business.

They may want you to put some kind of disclosure in the offer about buying under market value for the intent of making massive profits or something like that.You'll also want to know what kind of split your broker expects from you if any. 

You could also put both on the market and see which one sells first and then cancel the 2nd.

That’s why you get a discounted interest rate and a lower downpayment, because owne occupant properties are low risk. 

It needed some work but it was fully rented and put a few hundred dollars in my pocket after expenses every month.

Competition with owner-occupants and the age of the homes (70-120+) will squeeze your margins and expose you to a fair amount of risk.

If other people take aggressive positions and gain or lose money that is their risk assessment.  

Here are five dangerous provisions to watch for in an Operating Agreement:Dangerous Provisions to Watch:Authority to incur debt without investor approvalPower to make loans to other entities/projectsAbility to cross-collateralize with other propertiesPermission to use investor capital for other venturesCommingling of funds across different projectsWhy These Are Potential Ponzi Indicators:• New investor funds could be used to pay existing investors• Project-to-project lending can mask poor performance• Cross-collateralization puts your investment at risk for others' failures• Commingling enables masking of financial problems• Lack of project segregation enables fraudulent schemesProtective Measures to Look For:Strict single-purpose entity requirementsProject-specific bank accountsDebt limitations and investor approval requirementsProhibited related-party lendingClear fund segregation requirementsProfessional Best Practice:Request bank statements showing separate accounts for each project.

She put her ex on the title and the loan is in his name.

It is very important to have a solid team and strategy in place, because you’re taking on a lot more risk than a typical rent ready purchase.