Also consider networking with investors active in those areas who can provide insight on what’s working.

In the future, I'd request a "soft pull" from a lender and provide them with your estimated credit score to get a rate quote.

Could the seller provide you with a note for the down payment and you pay him back?

Opting for mid-grade materials will help stretch your budget.Structural/Mechanical: If the home needs a roof, HVAC, plumbing, or electrical work, that can take a big bite out of your $50k fast.

J Scott, one of the more respected authors/authorities on BP, provides scenarios in which wholesaling can be done legally and ethically.  

Thanks for your time and help,Melissa   I’m going to provide some alternative advice.  

Connect with local wholesalers and investor friendly agents and provide your criteria to start receiving deal flow.

It's my understanding the Gator Method consists of providing short term loans to cover other investor's earnest money deposits.

.- Strategic Partnerships: Building direct relationships with REO asset managers, bankruptcy attorneys, and bank liquidation teams can provide exclusive access to bulk sales before they go public.- Bulk Purchases & Portfolio Acquisitions: Banks and hedge funds often look to unload non-performing assets in bulk.

NC usually provides better cash flow and Phoenix is characterized for stronger appreciation than NC.