I can't believe that there will be equity in it as far as what I've paid on the principle, so is the idea that I'd make improvements to the place throughout that year with the rent (even though I think I should do it before I rent it out, right?)

(2.5) I am tied into a lease until next summer (I could easily sublet).My questions for you are:1) Is it possible to attain a conventional loan on a work visa (I believe it is after some research but I wanted to check with the community) and does anyone have experience in doing so?

But I figured it had to have at least an oil tank in the basement at some point.

Again live there for a year or two while we save funds for the next property.The next property would be a bit larger, it would be bigger than a four-plex I believe a commercial loan would be required?

Hey everyone,I'm new to wholesaling, and I believe I'm ready to go now.

I believe the property can use some work and renovations as well as an increase in rent.  

Luckily I will be doing this on a full time basis and the many years of project management experience in Oil and gas Services contracting should be of some help.

I'm always a believer in finding the highest and best use of the site. 

Yes, that 3.5% down payment is amazing, but if you can boost it up to 5% and get a conventional mortgage, then you get to do away with PMI after proving you have 20% equity (I believe some mortgage lenders require 25% equity to dump PMI). 

Complete this and repeat.I really want to believe that we had an ahha moment thinking about these scenarios but I want to ask for the anyone to poke holes through these thoughts.