I may be wrong or feel inadequately educated enough to know if I am or not.

But the rent from the other unit will allow you to control a more expensive property for less money than it would normally cost you if you didn't have that rental income, like if you purchased a single family house.That being said, you may be able to achieve the same outcome purchasing a 3/2 single family house for $260k and renting out two of the rooms for $500/each.

Not fun, not fulfilling.Investors especially, in my experience, tend to take a more hardline view of things and it seems more of them have read the same books (basic theme, "do what it takes to get the deal and agents are fat cats who don't really deserve to get paid anyway - also thank you for the book royalties which I would never have gotten if I had just written a book about how it's fair to pay people for the work they do").So... if someone spends weeks or months finding and researching properties for you and then you happen to find a FSBO or something else that works out for you without them, do you owe them nothing?

The property is located along a major interstate on an exit ramp albeit in a more rural area. 

MM Lending SurePoint Flippin Loan With being so new they may want to see you partner up with a more experienced investor or have personal assets to loan against. 

Without getting into the morality of wholesaling, a more legit way to do it is to get an inspection period from the seller.

@Jason Lee Its in the Bronx, but a very safe and clean neighborhood with a more diverse population.

I'm in a more expensive market as well and 2 of mine break-even or have slightly negative cash-flow, but I'm far from losing momey.   

This is a couple thousand $$ at risk for both of us, which I understand is the nature of the business but just wondering if there's a more creative way to avoid this?

Hi there,I've head from many friends that participate in the local Real Estate Investors Association in the Bay Area that people are pretty active in it but it's done in a more informal way (how Bay Area right?)