While my insurance charges are relatively low each year given this is a condo, I learned to better assess who is behind budget planning at the HOA level for all of the units for roof, cleaning costs, basement improvements (shared by all units), given this was run well by one individual.

This is one of the reasons I have felt my investments there are safe: there is so much money there from both domestic and international investors, individual and institutional, that Tulum won't just go away. 

@Jerry ZhangThis is not your ideal seller financing individual.

My best advice would be to read through the contract carefully (builders usually have their own individual contract that's written for them and is leaning heavily in their favor).

Unless you live in area that has many ADUs already built that have been sold with the home or as individual parcels.

To answer your question, i am not wholesaling yet but i am in the same boat as you and i've been looking into wholesaling for a few years now and since i moved to LA i've been trying to connect with like minded individuals.

You will start out as an individual investor and then as you scale become a commercial investor.

Honestly, I wasn't aware that they were taking investments from individual investors.

If a cash out refinance, many lenders will allow the cash out to satisfy the reserves requirement.DSCR lenders generally let you vest either individually or as an LLC.

i do think it's challenging, though, for a brand new investor with zero experience to jump right into a huge rehab with a contractor they've never worked with before.the contractor might want a larger up-front payment to mitigate their own risk, and they're not going to be interested in any kind of fancy nonsense like a 'penalty' when they know a new investor has never managed a large project before.i have also found that some contractors, including reputable ones, don't even want to share itemized bids because they just don't want to have to argue about the individual line items.