@Joshua Pagan, the main two sentences that makes sense to me at the moment are where @Joe Villeneuve wrote: "If you have a $20k DP, on a $100k property, you also have a $80k mortgage on that same property.

I just want to probe a little bit more (not much though.) 

So far (and admittedly I'm pretty new) I've yet to see a wholesale deal where there is enough meat on the bone for an investor.  

One quoted me at $45,000 and the other at $52,000.

Searching for roommates has a much different criteria than searching for a tenant and is governed (in most states - check your local laws) by a completely different set of criteria.You may definitely choose on the basis of gender and/or sexual orientation, particularly if you are sharing a bathroom.You may not choose on the basis of religion, unless dietary and other issues would prevent the ability to share a kitchen, such as a need for a kosher kitchen or no meat around on holidays or weekends or whatever the particular issue is that fuses dietary issues with cohabitation. 

I haven't tried it so it's a bit of idle curiosity for me at the moment.   

If it ends up being to big of an issue for me at least I will have learned a thing or two.

When we just took the ownership of this condo, the president of the association called me at 7:30AM to question how we found this condo for sale.

Seems like cash flow is most important to me at this time, so buy and hold and perhaps a fiip here and there may make sense.  

Several out of area flipping companies have set up shop and it can be hard to find deals with enough meat on them to make it worth your while.