This contract outlines the terms of the purchase.  

As you said, real estate is the long game, "get rich slowly", and the role of wealth is to make our lives better.I'm financially conservative so take my advice in that context.Regarding the options you outlined, personally I'd pick waiting until I had the 20% down.

@Ashish AcharyaEverything you outlined is pretty much what I figured and tried to explain to him Nonetheless, he is scared to move forward all of a sudden.

This particular potential deal I describe in this thread may be structured as I outline at the end of my post, not necessarily as a stereotypical "wholesale" deal most people think of. 

As @Brent Coombs outlined, COC of 21% isn't too bad either.  

I can outline what DHM does and address some of the common misunderstandings people have about us here.

Start by outlining your vision.

Well, I know that will change relatively soon and I look forward to the time where I can look back at this post and see my beginnings.I have outlined my goals in my member profile, but to recap:  Short term (0-3 years):I seek to purchase my first investment in two years (max) time, as I continue to educate myself and learn from those I meet, the BiggerPockets community, and firsthand experienceThrough experience and education, find my nicheBuild a team I can be proud ofContinue to learnMedium (4-7 years):In 4-6 years time, make real estate investing my top earner and #1 focusContinue to learnLong term (8+ years):Continue to expand operations through buy and hold strategiesCreate financial security for multiple generations of familyContinue to learnI understand that my goals may seem lofty, or possibly bloated; however, I believe in setting big goals in order to motivate myself.I look forward to learning, chatting, and growing with you all.Thanks for taking the time to read this!

I just bought a 5 unit and they gave me an outline of the financials before I made an offer. basically income and expenses.

Also Jorge outlined some really great areas to look into.