If you combine all of the aforementioned, that's a powerful combo - less the idea of wholesaling.

@Tristian Cox, You should have a large emergency fund regardless of it being in a flood zone or not.Also, there are battery backup systems for the sump pumps.

All rights of ownership in title are not taken, the owner retains possession and power of sale.

Either you could spend the next year trying to find the golden goose or create your own opportunity.You have a few options. 1 find a partner to be your credit partner and take a percentage. 2 find the 20% through family and friends,  show them the power of investing and hope for the best, cash flow for a year and refi them out. 3 wholesale it use it as experience and use the cash in your next deal. 

You obviously need to ask what price they are asking, neighborhood, condition of the property etc. to get a good idea of if it is worth your while.7) Always defer to a "higher power" who can be your husband, brother, sister or even your dog.

I went head to head with them.. but then when they knew I was not leaving and I had as much if not more purchasing power then they did.. we ended up partnering up on everything and that was great I just supplied money they did all th e work we split profits prorata to our invested dollar .. did that for 5 years.

Sounds powerful. 

The last tenant turned off the power before he actually let us know and didn't empty the ice maker bucket.....thus a big section of flooring ruined that was brand new when he moved in.

This website is a testament to how powerful of an investment vehicle real estate can be, and there's no need to ruin people's lives or sell your soul to do it.

This is really powerful.