After all was said and done it showed me walking away with $40,107.50 (my target goal was $40,000 profit).The final numbers were:Purchase $91,500.00Renovations $73,587.97Sold Price $250,000.00After closing costs, give back and all in the profit $67,571.60So the largest area of savings was in regards to AC.

If your goal is to accumulate properties it would probably be better to stick to the 30-year to preserve room in your debt-to-income ratio for future acquisitions.

I've watch plenty of videos and wholesaling seems like the best fit for me but the idea of having rental property one day also excites me. 

A conventional loan is just a standard loan like you're getting to purchase the rental.The Executory contract sounds like your best bet based on your goals.  

It's a matter of speaking with a few to find the best fit for you and the prospective deal.

It's a 16 month program but I'm going to be working long hours on top of that and have a goal of 10k where I want my bank account to be at the end of the 16 months.

My goals in REI are to acquire Buy & Hold properties as well as do some Flip and Fix.  

Create your guidelines as this will keep you focused on your goals.  

My goal is to pay a fair price for good service and not be taken advantage of.  

I am in the process of having my personal home appraised with the goal of increasing my HELOC.