The seller has offered a 2-year option, but the purchase price seems a bit steep given the limited data.

I have no wholesaling experience and my knowledge is limited on the topic, but it is something I would like to get into.

Will keep your cash-flow going and limit your maintenance headaches.   

I suspect that--generally speaking--tenants looking to live in a SFH/row home will be a bit more on the stable lifestyle spectrum than those living in apartments.

I think our limited options due to cash constraints would likely force us into the "wrong property."

This limits my ability to see if they are employed, any information on prior rental history, criminal history etc.I planned to ask the owner to get them to sign a month to month and tell them that my intention is not to put them out after each month (which it isn't) but in case things go bad I do not want to endure it for a year.

So I’m adjusting my lifestyle to work toward FI as well.Love this site and eager to learn.

Can you take info that you read or watch on video and take action on it without any outside motivation or do you need some hand-holding to help you learn the transaction (learn by doing - kinesthetic learning)There are more considerations to take into account but for the sake of my limited time; I'm happy to connect with you on the phone to discuss further. 

I’ve recently branched out and led some partnerships that bought small MF and am a limited partner on a syndication.

This of course coming at a time when the supply of SF seems to be flying off the shelf.