@Jay Elvin I'm not in your area, but I would double check that they are licensed realtors if required by your state for leasing activity and look over their contract for any red flags.

Let me know how this should all play out if someone can.

These are questions to ask yourself.Based on the figures you provided this could be a Section 8 play. 

I personally hate when wholesalers play this game and send out daisy chain properties.Wholesalers in my area do this all the time and send out each others deals, etc.I won't even work with them if they aren't in direct control of the deal with the seller.

So instead of renting out one side at $600 you could rent out (lets assume there's two bedrooms) each bedroom at $400 each (obviously utilities will play a factor in how much to charge per room). 

This rules out you and certain family members.More workable situations generally involve a clear separation between your activities and those of your Solo 401k plan.

We both work way too hard, playing tag team in the afternoons with our boys and finally, after bedtime, if we’ve got the energy, we’ll say hey, eat a dangerously late dinner and then fall into bed.

Background and credit play a big role to me.

These are longer terms plays, so you truly have to be ready to stick to the hold part of strategy.

I want to actively work towards my deal as fast as possible but i'm unsure if I'll exactly be able to qualify for a conventional loan with my lower score and lack of a full time job.