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

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.

I will be honest and let you know that your agent should be sending you personalized deal flow and providing numbers on why they think it's a great deal.

Just because a real estate methodology, specialization, property type, etc. can be profitable doesn't mean it's right for you.I did meet two people, but only two people in my 45 years in real estate who were "right" for being a "bottom of the barrel housing provider" (slumlord).  

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

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.

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

I have not taken the course and will not offer an opinion on it but provide my 2 cents on any type of "guru" training.

Is it right that short term rentals are considered as licensing the property for use (similar to a hotel) and not a lease for a long term rental and therefore do not require a brokerage license to provide management services that include price adjustments?