The key is to get started and try out one method, track the results and get talking to the sellers on the phone.

Also, would I be able to borrow enough with the new mortgage to rehab it or is that usually with borrowe money like credit cards and smaller loans?

Fortunately, I had reserves and we are able to roll some of these onto credit accounts. 

THe think is how to get a loan from a US institution, as a non resident non US citizen, cant seem to find information of who gives it, how much percentage, and how tedious is the creditation process.Will be happy to be in contact with you.

The 2 mortgages are affecting his credit and he wants to unload the first house.In all my researching of wholesaling I've yet to find out how a tenant affects the transaction.

I've done this on rental properties and got the line of credit in a week.

The financing issues now: Firstly I have decent credit: 708, 703, 685.

In regards to question #2, really depends on your credit, experience, income and liquidity.

If you have equity in the deal (it's worth more than you're paying for it), you may not have to bring much or anything to the closing table.You could also partner with someone who knows what they're doing (with a good track record.)Best of luck.Cheers,-Sam

The 2 mortgages are affecting his credit and he wants to unload the first house.In all my researching of wholesaling I've yet to find out how a tenant affects the transaction.