Seriously though, if you haven't already get your self a solid real estate-focused tax professional in your corner.

If I understand correctly; the seller would receive 80% ($40,000) directly from the mortgagee at closing and would enter into a personal agreement with me for the 20% down payment ($10,000) in which he would be reimbursed separately from my mortgage payments at a separately agreed upon rate and term?

As long as the wholesaler is direct with the seller and the deal is real, go for it.

Sellers often favor buyers who can make larger down payments, as it indicates stronger financial backing and reduces the risk of the deal falling through due to financing issues.Additionally, SFH properties are more accessible to a wider range of buyers, including first-time homebuyers and families, which can lead to less direct competition from institutional investors.

If you are making money flipping, your own project managers, brokerage, etc. you should be able to self fund a few per year also.

Together with the equity that the house will have (heloc or refinance).No one has provided details to knocked down the idea yet, so I'm leaning in the doable direction.

Look up owners' info and reach out to them directly to find a deal.

Racine is difficult to work with (No direct contacts just general email and voicemail inboxes) but Kenosha is very responsive and easy to work with.

Unfortunately looking like this specific deal likely won't pan out; seller is definitely not motivated to offload quickly/discounted based on their replies.I found a realtor through BP who I'm now working with to find a property, so progress in the right direction!

Then I would either go to your GC with the info, or go directly to your subs (licensed electrician etc.) with the info.