Typically wholesalers and investors can be found on cash buyers group, or wholesale groups as wholesalers post listings there and investors reply on comments for the deals.

Approval Process: What is the approval process like, and how long does it typically take to get approved for a loan?

Originally, the property was designed as a retreat center, but it didn't receive the necessary planning approvals for broader use beyond a single family residence. 

I work a typical 9-5 out of Manhattan so the time I have is limited to a little bit in the evenings and the weekends.

You can also expect that you will have a handful of paperwork to complete and receiving your 1st payment could take a month, as they have to enter you into the system and likely have set pay out dates.

Since about 2018, I think the typical REI has to have gotten more creative.

The first lends itself to smaller properties and potentially higher turnover, whereas 3 could appeal to a larger group of people that may be there for a longer time period. 2)what’s the typical income of someone that rents in the area?

It typically falls into 6 months of gross management fees on the low end and a year and a half of gross management fees. 

If you have the contract recorded, typically the seller won’t have much option to get out (nor will they really care to) and you’ll be able to go ahead with the deal.

One thing to be aware of, especially in Ohio, is the prepayment penalty typically associated with these types of loans.