But for someone who is starting out and has not lived in a SFH  and is coming from an apartment this arrangement should not be that difficult.  I

I recently moved from Toronto Canada to New York City for my job in B2B Technology sales.

But over longer periods borrowers can get themselves into more difficulties (BK) and deferred maintenance can happen.  

In other words, by not allowing a credit of the option price paid and increasing the purchase price you make it more difficult for a tenant-buyer to purchase, making it more difficult is predatory dealing.On the other transaction mentioned prior to this post, fractional interest, congrats, but had your attorney been more up on tenants in common with a TIC Agreement that is not made of public record, you could have taken 49% and still taken the cash flow or all net revenue, just simpler without involving the lender.

so I put an offer in on a house. The wife was on board to counter but her husband is unwilling believing that if they weight until the spring they can get more money. At current asking price, the house is over valued ...

It takes money and time to be a good wholesaler, there are many threads here to talk about the difficulties of wholesaling.

The main difficulty in obtaining financing when you do a capital raise is making sure the lender makes non-recourse loans - you don't need a personal guaranty. 

It's not me who is going to pay final price anyway.Bigger problem that I'm kind of expecting is working on tight spreads, very strict rehab rules (=high standard = high rehab cost) and difficulty of finding motivated sellers.

If they can't get this right I assume that they may have difficulty paying rent on time also and move on to the next prospect.  

I am even having difficulty finding deals as good as the property I bought in North Phoenix in March.What type of multi-family do you invest?