In any case, I find the strategy short-sighted.

Being a wholeslaer is having a business.You are in the business of finding and buying land/contracts for a short duration and then immediately selling them.One typical expense for a wholesaler is all the advertising costs to find motivated sellers.

., the mortgage balance exceeds the property's market value).So, in short, you can pay off the mortgage even if it's technically still in the previous owner's name.

I have a high desire to be in the short term market.

For example, as the Seller to do it.

You can get in with a 3.5% down payment and your realtor may even be able to negotiate a seller concession so that you can finance closing costs as well.

Deciding whether to sell or rent out your home hinges on financial factors like immediate cash needs versus long-term income goals, alongside market conditions in your area—favorable for selling if it's a seller's market or for renting if there's high demand for rentals. 

You want to focus on short-term money generating strategies such as wholesaling, fix and flips, etc.

My dad is retired and his credit score isn't the greatest while my credit score really good and debt to income is pretty low right now.Mortgage Owed: 118,000Money to Seller:  75,000Est.

Yes, spring time is best for occupancy just price it to get seller credits to cover vacancy till then.