Wholesalers can be a good source for off-market deals, but the challenge is that a quick close (10-20 days) is often necessary to buy from them, so traditional financing is often not an option.

For non real estate investor partners, consider their alternative options, and be in range.

If you're hoping to find a house for $20K, there aren't going to be many (if any) options.

Do I need to register for this room option?

6 month lease with the option to lengthen month to month at same priceThe tenants supplied a $1000 deposit and the insurance company gave us a $500 nonrefundable deposit and a $250 non refundable cleaning fee.So far, i'm happy with the process although the insurance company rep wasnt very responsive and took much longer to get the tenants in than it should have - mainly because they work 9-5 and no more.Regards,--Dave

It seems to me you have three viable options at the moment.1) Non-renew. 

Called the bank, who quickly said "sorry, your loan does not have an option for PMI removal."

There are financing options for self-employed borrowers in these sorts of situations, but they require a higher down payment than FHA.

So, I'm trying to decide between the two options below:Option 1: Buy a couple of properties and split the money from the 1031 exchange for the down payments.

I'm digesting this info... and looking into some of these options including the pass-through entity which I admit I'm not familiar with.