They did require a larger down payment because of my lack of experience but I was expecting that and I'll be able to refinance it all out anyway so its only a temporary outlay of money.

I remember your threadHow are you going to pay for repairs and renovations and such?

It's larger than yours but they are so great So yeah if the math works it's a no brainer.

@John Spina jr From my experience, going the conventional route with a property that will need approx 20k in renovations is a difficult process.

It allows you to purchase and do renovations in one loan.  

I bought a condo in Coral Springs for $35k, sold it a couple years later, no renovation, just paint, for over $100k.

Hey there Michael,Make sure you understand the markets you intend to wholesale in, meaning, understand what renovated properties are selling for, understand what kind of profit flippers in your area expect to make.

She renovated it with the same lender, who now has about $300k into it, it's worth about $350-$375k.Then two kids and a part-time job, she can't really afford it, she and lender are a little uneasy.

Have a duplex in midtown I just renovated and have a verbal acceptance on a property I hope to close on soon and get started up the rehab!  

We are also in the process of renovating our basement to sent it out.