Yep, they want skin in the game.If your deal is super - ultra solid, you can get better terms.

And it's ultra turnkey, I only need to put a wash/dry upstairs and it's perfect. 

When it becomes off balanced and rattles it gets too loud.Some of the really expensive fans are ultra quite but not used except for higher end homes.

It does boast a nationally recognize hospital (Riverside, which is associated with Rush) so has good healthcare.

So, while it may sound good boasting how much some RE operator is making by buying at a price, how far they carry that claim and how it is used can boil your tail.As Will points out too, it's not impossible to get an REO that doesn't meet the market value definition and get a great deal, but even so, you can't claim any amount earned or made until you actually sell the property, then you can pound your chest and boast how much you really made without deceptions

@Shea Spinelli Shea please be ultra careful especially for your new purchase and your lifestyle.

Except for a very few I see wholesaling as a short game IE 99% wipe out rate... but for everyone that tries and can't make it 100 replace them.. thanks to internet and Guru's and what you see on BP.... when someone post and boasts about how they just made 15k on an assignment fee. and you have your beginners on this site in a low wage environment somewhere in amercia were 15k is 1/2 or 1/3 a years salary well you can see how that gets these folks jacked up

I obviously understand that the median market homes ($170k here) are always going to be WAY hotter than ultra-luxury homes ($1M+ here), but it's just to been to a higher extent than I would expect.  

It's ultra-competitive here to the point I'm considering looking for buy-and-holds out of state.

At this point after more thought, I will either work my butt off in my current W2 job and try to go ultra-frugal and get #3 done without any or much financing (one more SFH).