The bank will put a hold on them, so you can't just draw them out, so don't plan to need them for a while.This will cost you an appraisal on both properties to be performed by that lender. 

I think this business plan exists in all types of real estate and non-real estate businesses.

Just plan for reserves if it takes a year or two to break even.Take your time, do the research, and trust the process.

There is plenty of tax planning opportunity with a property type of that size. 

How do you plan on handling that situation6.

Being able to look one of these sellers in the eye and tell them that you can, as a licensed agent, either list their property or attempt to assign the contract, assuming wholesaling is legal in your state, is a huge credibility booster.2) Get an entry-level job, hustle, save as much as possible and plan to house-hack when you turn 18-21.

Instead, focus on learning their plans, challenges, and openness to selling.5.

How have they accounted for reserves / contingency when things don't go as planned. 

Business plans with certain arms of AHP haven't worked out.

We plan on replacing the flooring and possibly new kitchen countertops.