My problem with wholesaling is when the seller does not understand that the sale is contingent on the profitable assignment or double close, and the resulting possible financial consequences of the sellers lack of understanding.

The penalties and tax consequences you will pay will be near impossible to catch up.

No one knows your particular situation and there are different types of 401(k)s, IRAs, and different types of rollovers all with their own rules and consequences.

The problem is you've forgiven payment of the late fees, which has not taught the tenant that there are consequences for late rent.

Marginalizing the help for your own gain usually winds up having more negative consequence for your bottom line than any gain. 

This will generally, at minimum, negate the mortgage payment on the 4-plex all together consequently freeing up that amount of income/DTI towards your next purchase.  

Believe it or not you will have better protection with the fha loan First of all you can not use a LLC for fha The federal and California government gives many options if you can not afford the loan, mods ,short sales ,foreclosure without recourse and tax consequences .

Those of us who've been successful in this business for some time understand the potential consequences from unauthorized occupants.

When a tenant falls behind in rent it becomes a matter of speed to get the process started and set the precedent that there are rules and if they aren't followed there will be consequences.

I haven't read enough case law for successors-in-interest in regards to rent skimming, so I'm not yet convinced of the consequences of collecting rents in the first year.