This one was purchased from an older landlord looking to liquidate some properties and I gained a good private financing relationship out of the deal to boot. 

I would get the capital gains exclusion on the unit I lived in.

How can a wholesaler gain from a rental property that is still occupied and gets good rents

No landlord headaches vs holding for appreciation, but wow-the short-term capital gains (ordinary income rate) plpus the self-employment tax b.s. really reduces your profit.

Note: I have a great job and will be investing capital of my own, I’m looking at the long term equity gains of using someones capital to grow quickly, I can also pay his cash flow out of pocket if I get in a bind, so I’m not worried about falling through on my contract to give 10%, which really is very achievable.

First, I want to give a shout out to BiggerPockets for giving me an avenue to gain valuable knowledge.

First, I want to give a shout out to BiggerPockets for giving me an avenue to gain valuable knowledge.

Greenstone might even let you get owner financing for a portion (avoiding PMI AND saving seller from tax hit) of the purchase, which might gain you an excellent sales price.  

I think that's a good zip code, it would really depend on the cash on cash are looking to gain.

That and my wife's much smaller income would provide cushion and runway for future entrepreneurial opportunities, taking lower-paying W2 options that have higher long-term potential or are just more fun...and worst case scenario this would be more money to save and snowball....What I have to work with is about $200K in mutual funds and 4 doors (two 2-bed SFR owned free and clear each renting in the 600's, and a duplex mortgaged conventionally) that are all nicely cash flowing and gained equity in my ownership.