The main difference is, as a wholesaler, you'll ONLY be able to work with folks selling their homes at a discount.

We no issues closing in an LLC, as a matter of fact most of my lenders will prefer it (assuming it is not your primary residence)Assuming it is not your primary residence, the easiest way to do this deal would be through a DSCR Loans.A DSCR Loan will use current rents or market rents if the property is vacant and personal tax return from you would NOT be required.It also referred to as a No Ratio Loan because your personal Debt To Income is not important.What is important is that the property can pay for itself.If we keep the LTV Low the rate for this loan can be better than a conventional loan.If you ARE Living in the property and you want to keep it... it would mostly depend on how motivated you are and how willing you'd be to "postpone gratification"The best bet is still a DSCR Loan.. which means you moving and renting the property out.We can bring in Asset Based Financing that can help with cash down (if you need it) or to pay cash for another property for you to reside in.Once you're moved out we can do the DSCR Loan at a 70% - 80% LTV or we can calculate a comfortable cash flow number.For example, max cash out that will give you $500 cashflow after a full PITI payment.Let's discuss more!

Think 10-15% interest rates. 

Alongside Seller negotiation I think you have to keep in mind the financing for the deal and it's requirements as well as the interest rate.

He is distressed and will sell at a discount in exchange for speed.

@Mike K. that's the start rate, also called a teaser rate.

Things that make your life easier = 1) Adobe Scan and DC ($17 per mo), 2) Docusign or another e-signature platform ($260 NAR rate +/-).

We've had 2 units rented long-term at our MTR rate which seems like a homerun to us because we have no vacancy, cleanings, turns, etc.

I would let it ride a bit as, if you refinanced it, your rate would increase.

The demand is rising for MHCs as the occupancy rates have gained 10 basis points to reach a surprising 94.7%.