I bring up rent control because Airbnb is just the latest whipping boy to distract people from how disastrous rent control has been as Airbnb  gets blamed for high rents.

Dave,Experienced note investors will care if you bought the property for half of your resale price, even if you rehabbed or put in a lot of sweat equity. 

My wife has recently put in several offers for clients looking for MF in Phoenix and there is a lot of competition to get properties, cap rates are compressed right now.

Or would you just put in the agreed price of 170k. 

I'm open to anything and willing to put in the effort, book recommendations based on this post would be greatly appreciated as well. 

Understand that is entirely possible, and even likely, that if you use those funds to start wholesaling, you will not do any deals and will make nothing.Whereas if you get a license and put in the hours, you will eventually make money.

They may also put in a minimum time you have to hold before transferring the property to someone else.

Real Estate is a great place to be as long as your willing to put in the leg work.

From the remaining cash flow you put in about 71% of the required investment, you could approach it from that point of view. 

I am a little confused as to why you can't just be put in the will.