This is where I grew up and my family is located.

That was cleaned up.

2.75 % on a 30 year FHAThe more I look into this I might want to refinance into a 15 year loan and to get rid of the PMI.I know my monthly payment will go up but my current mortgage is 3324 (just went up due to taxes smh)  The other unit in my home pays 2100/month for rent.

Now that you've had some success it is a good idea to clean up the structure of the business and continue forward on your chosen path.

Have you already closed your first buy-and-hold deal?

The last thing you want to do is buy this property and end up with a lopsided deal if the ARV is significantly lower than what the wholesaler claims.

Or, should we wait to save up enough to start at a higher price point? 

While you’re at it don't forget to set up keyword alerts for topics that interest you: http://www.biggerpockets.com/alerts Also check out The Beginner's Guide (http://www.biggerpockets.com/real-estate-investing), it is packed full of great info. 

TL;DR* Aggressively pushing 'maintenance' and for the most part for things not requiring any maintenance* In-house maintenance rates are eye-watering, way higher than what you'd see in even most expensive markets* Maintenance does not require owner's approval - RL reserves decision what to do when, cheaper plans have higher limits and all are at RL's discretion * Refuses to manage in many parts of townLonger versionSigned up for their service after a few conversations over the phone - owner stressed investor-friendly approach.

Sure, it allows you to close that much faster and saves you a little bit up front.