@Andrew Postell, is it odd that I've never seen the "Delayed Financing Exception" mentioned on BP in relation to Fannie Mae's "SELLING guide", but ALWAYS in the context of BRRRR instead?

The worst that happens is you run behind on turn work and have to return to touch up paint or do some odd's and ends while new tenant is there.. but to lose a entire month's rent is just plain stupid.I managed a 126 unit building some months during the summer we had 10 turns,, and that's moving 10 apartments, in and out in 24 hours..

oddly enough, 7 people I've talked to in the industry in one way or another have never heard of wholesaling. 

I would be willing to bet that you bought your home because you liked it for your personal residence.  

If you are betting on a particular housing market to appreciate x% a year, why not just invest in the stock market?

I oddly find it cathartic when folding my laundry.I found BiggerPockets through it's podcast, and hope to share insights with other individuals as we navigate through the journey of rental property ownership!

James, safest bet is their income is 3x rent (some require more/some less).

Honestly might be your best bet to talk to a mortgage broker and see what they can do for u.

I admit I'm less familiar with Indy but that strikes me as oddly low for three units.

I sense that you might be wanting your Contractor to be vested in your enterprise, and you seem to be trying to "hedge your bets" a bit, but, will your Contractor agree to 50/50 in any LOSS too?