I have several friends who refuse to leave Vegas.

You can talk to a private investor, but not sure I see a big enough profit in your deal to take it on.Start living like no one else does, get a second job or a better job, so you can save $20-30K and you can make this happen.I've had to pass on two deals 'cause I didn't have the cash to put 'my skin in the game' (just put $70k into buying a primary residence).

If you Refinance and leave $10,000 of your cash still in the property that means you will have 2 loans to pay off.  

That would leave us with $2,000 of savings if anything comes up within the first month.

This would be great but would likely mean not buying as nice of a house for ourselves and definitely leaving SF.

With wholesaling, you're looking at the after repair value and the ROI for the investor buyer.In the simplest of examples, say that $100k property would be worth $200k after $40k in repairs, you put it under contract for $80k (the seller gets $10k profit) and assign the contract for $15k, that leaves a good profit margin for the investor buyer.

They have more skin in the game then you do.Make sure you get clear title.

It will be interesting though because technically she is leaving a property that does have a FHa mortgage on it but shes not the borrower or title holder.Also, I've written about this in many other BP articles but please be aware about the SS or self sufficiency rule with FHA and buying a 3-4 unit property.

I knew I wasn't leaving China anytime soon, but seeing the US market continue to increase, my sister and I decided to go for it...stop talking and take action.6 months later, i'm happy to say we are 1 week away from closing on not one, but TWO triplex investment properties. 

It is typically much easier for you to buy "turnkey", however in my experince you will buy better quality from an owner who occupied the property than a hous that has been professionally flipped and the remodelling has been done skin deep.Cash and quick closing is not always an advantage.