These experience Investors are so warm and helpful, I really feel so grateful for them and their feedback that I don't know how to express it.

There is a local guru in my area that all of you probably know who I know very well and I can't look at him with a straight face and hide the expression of "What the heck are you doing to these people?"

Because they did not provide good faith - they did not turn in their applications in spite of expressing interest in the property so red flag #1: all talk and that's about it.

I decided to let the prospective tenant know that we list our properly lower than comparable units with the express desire to attract multi-year tenants but I think I should re-think this a bit.

You may find the best answer if you research and educate yourself first.Anyway, if wholesaling is what your interestes in, which is where i started, start with getting familiar with your area. drive for dollars is a new expression I learned but the concept is the same.

Take care and feel free to express any other ideas you might have about our situation.

Pair up with a local realtor, express to them what you want to do and your investment goals and start making offers! 

Federal reg.s make them add in closing costs, fees, etc to arrive at a true cost of the loan, expressed as an APR. $4k in fees adds a large % to a $50k loan....and only adds half as much “yield” to a $100k loan.When the true APR for a borrower rises above a certain threshold, the bank can not make the loan  I probably didn’t explain it just right but the bottom line is you need to apply for a Larger loan amount.It is very difficult for anyone to get a $50k mtg, it is not your particular finances. 

I made the mistake of not expressing that I'd like to take on a bigger role so I could have a bigger equity split.

I don't know how close you are to purchasing but you should express to them the potential of you purchasing in the future.