If I leave 10% ARV in a deal, that’s a single. 7.5% is a double, 5% is a triple, 0% is a home run and if I get money back it’s a grand slam.

Also, most of these leases are triple net which means tenant pays all expenses.

Double / Triple check the #'s and HOA fees make sure your realtor is in the know regarding any assessments etc. 

I won't take a moral or legal position on it, but personally I am extremely uncomfortable if there is more than one wholesaler involved in a deal (double- or triple-wholesaling).I feel that wholesaling is a delicate enough dance as it is, that having so many extra parties involved is just begging for one of them to screw it up.It also has a feeling of "find the bigger fool", and as the end/real cash buyer I am not willing to be the biggest fool in a chain of fools.And as you pointed out / implied, many of those "wholesalers" are very new, indeed.

My water bill tripled when my wife moved in with me .  

I also called my REA to double triple check and they confirmed what you all said.

I have excellent credit and have a full time job now.My question is how much of an issue will my lack of experience be in obtaining a loan, if I am able meet the downpayment requirements and the property also meets the loan requirements.My first investment will be a triple net or absolute triple net properties and will be looking at office,retail and multifamily units subsequently.What kind of team do I need to have in place to show that experience is not an issue for managing office,retail or multifamily units.Thanks.

But with a STR the monthly income can double or triple if the owner has done proper research of location, market, etc. and the property is managed correctly.

Money market accounts don't even keep up with savings right now.Small hard-money loans (1st, 2nds), mobile home, business investments would be what I would look at.Anything where you can invest time + money and achieve a high double or triple digit return yearly (on smaller amounts) is where I would start.If you want to run your rental business on the financial redline and be 2 months of vacancies away from bankruptcy, by all means go for it.

Through the magic of Quickbooks, we can see the pain down to the penny ;) Our FL condos have doubled and tripled in value, as we bought most of them as short sales/REOs several years ago.