Just gonna have to wait and keep in contact with the seller to see if they become more motivated.

You would usually use wholesaling as a means with distressed property, motivated sellers, or highly discounted property's.

The listing essentially says "Motivated seller, 499k or best offer".

That's how you make money in pre foreclosure world but the laws changed in our states so you have to be pretty cautious how you do these and it was those changes that led to me abandoned this method of buying property.. but early in the process like mentioned above it was rare to be able to buy those.. remember your not the only one trolling these someone with a notice of default is going to get no less than 200 or so yellow letters and hammered by real estate agents for a listing.Along with the fact that they have probably lived in the house for a year or more for free.. so that motivation Is down the line.. and forget about fixing their credit at this point its trashed.. 

I don't think it would fly. you should have told them upfront that you were getting a partner of some sort. or a second lender right away. 

@James Derrick you can't make it 4 units before you purchase it so if that was the plan you'd need some sort of short term loan or to refinance both of which cost more money. 

There isn't a lot of value-add opportunity, but the seller is motivated.

What sort of help are you looking for?

There is some sort of aesbestoes typw insulation they used a long time ago but often the advice with aesbestoes is to leave it undisturbed.

So that said, my strategy does not include any sort of sweat equity.