I really appreciate you taking the time, and it saved me a bunch of time as I was trying to search various VA loan sites with little luck.

I don't think I have enough saved up for the costs it will be in order to get this unit into a move in condition.

Of course, you need to read The Ultimate Beginners Guide to REI here on BPIf you haven’t already, please read/listen to these books ASAP!

Maybe you can shed some light on cost savings as it relates to, retaining 1 part of the original structure (in the event of a teardown-rebuild scenario), where be it, a wall or a prescribed portion of the original structure is retained, per the request of the city/county? 

So, I went to work, kept studying, kept trying and saved up some money.

Check out the BP Ultimate Beginner's Guide and then once you've finished that, read "The Millionaire Real Estate Investor" by Gary Keller and "What Every Real Estate Investor Needs To Know About Cash Flow" by Frank Gallinelli. 

These numbers are approximately and based on financial institutions that I contacted and gave me quotes. 1. 220k x 3.5%= $7700 downtenants pay: 1200 x 3= 3600 mortgage: 1387 (tax, PMI, etc included)water: 170cap x: 200 (appliance depreciations, repairs, etc)loan: 176 (10k loan; my personal loan obligation) PROFIT: 1,667 mon. (20,004 yr) **I could save 6 mons from the profits and pay off the 10,560 from the personal loan.Property 2; I would write and notarize a contract up between me and a relative or close friend that will state that if they apply and qualify for a 30k loan which their monthly payments will be 528, I will pay them 10k over 12 months (834 per. mon).

If you have cash buyers people will take a lot less for money now or they have a time sensitive issue and may lose everything, so you are still saving the day.

Of course, you need to read The Ultimate Beginners Guide to REI here on BPIf you haven’t already, please read/listen to these books ASAP!

The Ultimate Beginner's Guide to Wholesaling is a good place to start with wholesaling if you haven't read it already.