In which case, the answer is: For you the Buyer, it shouldn't matter whether the Wholesaler is fully honest or not, but it DOES matter whether you're good enough to do your OWN research as to the value of what you're buying. 

Most contractors will run multiple projects at once because the margins these days aren't good enough to allow them to just do one at a time.  

Now why would anyone need to know all of that if the product was good enough to see it for yourself?

It's not bad enough that I will sell it, but it's not good enough for me to make additional MF investments on Hilltop either.Hope this helps Matt, and I wish you the best of luck.

We negotiated down a little (about $135,000 I think) but it still was not a good enough deal for me to sink my limited cash into. 

If you are using FHA and buying it as a primary you can put down 3.5-5% (if your credit is good enough).

Skiers will steak much closer. beautiful and Scenic is not good enough.

First meeting was free - Good enough to convince me to pay for a year membership.

Yes your main hurdle would be the value and or LTV (relationship percentage wise between loan amount divided by current value).If you can buy a good enough deal or add enough value whereby your LTV is 75% or less then your plan in theory could work, otherwise you may have issues transitioning from FHA to conventional as conventional is 75% LTV no matter if its primary residence or invesmtent property (on fourplexes).Some other things to think about and to do correctly otherwise you may derail your own plan is you may want to consider a refinance as an "investment," property (thats right I said that) on your fourplex when exiting from FHA to conventional if you want to buy as a primary residence again right away. 

Some really negative reviews out there about their business model, but it also seems like those who had bad experiences either didn't produce good enough deals to meet their underwriting guidelines (true for any lender), or didn't really understand the terms of the program.