The Standard wholesale process is that you get the property under contract and that contract states that you have the right to assign it.

If you buy primary you only exclude $750k loan interest if you itemize deductions instead of taking standard.

great alternative to small time investors with limited capital.. doing 20 though would be quite a bit of work.. selling coaching has basically zero liability when you start to manage investor capital your liablity goes up a ton in the unlikely event of a water landing..

He would show up, realize he didn't like the view of the water tower half a block away and back out.- Getting under contract and then reducing the price because of findings is common, but major reductions are likely to tick off the seller unless you have strong justification.

White sands, blue-green water, loads of tourists. 

I noticed your double standard in your reply as you don't mention the thing that is "eerily similar to what we've heard...". 

The agreement stipulates:"The owners agree, that no water shall be used for commercial purpose, but only for their private domestic use including vegetable gardens and livestock maintenance."

Is that a national guideline or is that just more local bank conservative standards? 

If you do section 8 you also have to be aware that your notice requirements for renewal and also for lease termination are longer than the standard lease.

So at the end of the 5 years, you are just treading water with the lower price point home, while you made headway with the other one.