Wholesaling is a powerful tool when paired with private money.

Imagine giving me $20k and I give you $1,000/year back and in 10 years it “paid for itself”   You don’t use it for an investment  you use it to punish oil producing countries that hate us or to show your neighbors you’re better than them  :-)  Usually it’s a horrible plan for rentals because you either have to charge higher rent and include the electricity or charge a flat rate discouraging them from saving power.

There is no cash flow involved with a personal residence not being used for business purposes.Avoiding leverage on RE involving cash flow negates the power of using OPM, other people s money.

Investors/Partners: Build a network of partners for joint ventures, sharing risk, and increasing buying power.5.

I have two primary investor-partnerships thus the buy power is doubled as major projects come from 2 sources.

A large tree fell during the storm last week and took the stairs out so the tenant has no way to access the unit until we can fix the power lines and remove the tree which we're working on.

You may find it useful to seek an unofficial preliminary meeting with the local powers-that-be to get a read on how much resistance there's likely to be with your development, as well as getting an early read on things they'll "suggest" to make necessary approvals more likely.

I would pull the 500K, to then monetize through yielded interest bearing markets, then pledge those yields to acquire the purchase power for the planned various down payments  

I used to be against condos because I didn't want to deal with hoa, I believe they are all crooks who steal money and they take away many of your freedoms (you can't park your bike here, why did you scratch the tile here)However, I realized for a noob who doesn't know what the hell he is doing, a condo is much less risky than a house.

Best success on your way to be wealthy & financial freedom.