Something you may want to consider is hiring an attorney to reduce your property taxes.

If at the end of the time I have not been able to bring a cash buyer we can either part ways as friends or look at reducing the price.  )Understand they when wholesaling you really can only sell to a cash buyer, your not truly looking for home owners who will live in the home as they will most likely us bank financing.  

This should take away high insurance costs and reduce workers needed for the businesses.First year in the R.E.  

It slightly reduces your cash out, but you don't have to come up with any out-of-pocket money for the close.

That doesn't mean it's a bad idea though- just shop around and see if you can find a rate that will reduce your monthly payments.I think you should definitely do some serious saving before you buy the next property.

I'm not sure since it just hit the market that the seller will go for such a reduced price.

I was in Indy this past 4th of July and saw the exterior of properties and drove the different areas.Shawn I did research the well/septic issue and that kind of reduced my concerns about potential cost to convert if required.  

First, you can syndicate the equity portion, which reduces your own required use of funds.  

There was MF debt circulating in the low 4's well after market rate loans were into the 5's that was portfolio money that just wanted to lend on MF assets in our market and was willing to do so at competitive rates. 

Meaning rent is reduced for say the first X months.