The other options include: -moving into the property for a year to qualify for loan products such as FHA or conventional.

https://www.car.org/-/media/CAR/Documents/Transaction-Center/PDF/QUICK-GUIDES/Quick-Guide--Cannabis-Marijuana-Issues--Sale-of-Residential-Real-Property-revised-22822.pdf

@Dominick Tonnarini, The only issue with your plan is that you will have to pay a sizable tax on the sale of that property when you do sell. 

We would manage the sale as well (with realtor friend).

I saw that the house was for sale initially, but I wasn't willing to pay the asking price. 

One is for homeowners who are in default and upside down; one is for homeowners who are in default but still have equity in their home; and one is for homeowners who have received Notice of Trustee Sale and their house is about to be foreclosed. 

:)  Wholesaling is definitely hard work, so if that is the route you want to go with your real estate goals know you will have to hustle to find the property, negotiate the contract for it, market the proprety for sale, find a buyer, and assign the contract. 

It's very interesting that our laws which now encourage ADU production as a means of supplying our communities with more affordable units include these provisions that discourage and dissuade investors from taking on this kind of Jr.

Purchase price: $745,000 Cash invested: $400,000 Sale price: $745,000 Amazing 1 bed/2bath East Vail Creekside condo at the Vail Racquet Club.

When we compared options a few years ago it was the best proven product for us at the time.