This "not that big country" actually has 7 International airports.

Also you have to be aware that some of the "wholesale" deals were actually purchased off MLS and just recycled with that marketing term. 

The sales agent said he's built and sold other homes through her, so at first, it seemed like he is more like a GC who does this on the reg, but now it sounds like he and his family used the property last summer for family gatherings, etc. and actually lived there for awhile. 

@Mike SchorahOur current home we are in was actually for rent after it was on market but delisted.

They charge $5500 non refundable and 1% to buyer side so realtor is going to have to kick in money.They cannot provide any legal explanations, they do not provide loan documents, they know the general contact for the servicer of the note, they don't negotiate on buyers behalf... 

Otherwise, you'd need to based the financing based off of the purchase price (possibly plus renovation).Since Conventional rates change daily and the rates have jumped recently, DSCR rates actually are in similar range at the moment.

Once again I'm not saying this is impossible, but to actually complete this you will likely need way more cash than you think.

What is the purpose of the agent if they don't actually do anything for you?

If so, how was your experience with their service and loan products?

The issue with the downtown areas right now is mostly an inventory problem, actually: there are very few good, cashflowing options on the market.