I am newer to BiggerPockets and getting involved in the Oklahoma City market.

Doing either or would be my very first of either refinancing or doing a 1031 exchange so I would preferably like to weigh out my options and decide what would be best and fit my goals the best.

If you're in Canada you'll need 5% down.If they're willing to sell to you with owner financing then you can come to whatever arrangement you want as far as down payment, price, interest rate, and amortization since there's no bank involved.

If there's an FHA loan involved for the end buyer, it doesn't matter how the investor paid for the house.  

Alcohol and drugs involved too of course.

@Chris Weichselbaum I've met with http://www.mpghousing.com/ before and they are probably a perfect fit for your location/size.

I would not enter into something like this lightly though because it gets lawyers involved, can be subjective in a court of law, and can be very expensive but if he tries to foreclose later if you are not able to refinance it may be a last resort. 

A lot of variables involved with you, your market in your area, do you have another job other than just real estate etc etc etc.

I'd prefer to avoid putting the property under contract myself and doing an assignment, since there's already a Wholesaler involved.

Which sounds like a loophole fitting your objective, doesn't it?