Essentially you'll need to find lenders that will lend on the property more so than your personal financials.On one of the BP podcasts they talked about a strategy where, if you buy a property in cash, you can refinance out in a few weeks.

The best way to combine these elements into a single analytical framework is to project out the financials and compute an IRR ... this will give you a more complete picture of potential investments.

But their debt is often for essentials.

Understand the basic elements to be criminally prosecuted for "Fraudulent Inducement" (and see if it sounds a lot like "wholesaling" to you a. 

most of our customers are locals who become long term, and sometimes super long term guests. even during the slow season, it is not really "slow" because of the amenities we offer vs. the other motels that essentially nickel and dime you to death, and give you little in return. can you imagine paying $50 total per night for a room with a full sized refrigerator and 40 inch tv?

You're essential to them getting the clear to close so they would likely compensate you for signing a quitclaim deed.

While there are certainly many people who have done successful deals without having deep experience within specific markets, there's likely an element of luck involved.One of my work colleagues used to manage a team of commercial multi-family loan officers for a major bank, and he has another angle on what valuable experience looks like.

Essentially I would just have that conversation with him.

Just make sure you occupy the property and that you don't have more than one loan FHA loan...well, you could have more than 1 under certain circumstances but essentially you can have one at a time but at any point. 

Apparently this is a key element that @Chris Mason explained to me ahead of time".Whereas, the OP on this thread seems to be suggesting that the same sort of dollars (say $200k) would only represent 25% (or less?)