If you borrow more than the property is worth, whether it's a seller carry back or conventional loan, you're going to run into problems if you need to refi or re-sell.

I'm assuming by "wholesaling" you mean simply assigning the contract to an end buyer, as opposed to actually closing on it yourself and then re-selling it to another buyer. 

Hello Cydni,I buy/rehab/resell homes in the valley.

Also I give them reliable comps on the property and my calculations as to the profit potential if they decide to rent it or if they want to fix it up and resell it.

Made re-selling impossible. 

It makes it less expensive to buy; but hard to do a refi and very hard to sell as you would need a cash-like buyer.ProsConsInexpensive To PurchaseCost of Condo FeeNo Competition - Easy to Find - Low Cost of AcquisitionCondo Fee Can Go Up & Special AssessmentsHigher Quality Tenants - Best Time Value of $Communities Might Restrict RentalsLow Cap ExHard to RefiCloser - Far Less Travel TimeHard to ReSell - If a Buyer Can’t Get a Loan

I provide internet and WiFi at my rooming house and I resell Internet and WiFi at one of my property and as Bill said: you will be expected the fix it and also you will be expected to provide really good internet and WiFi.

D.C. is an area to buy and resell because of rapid appreciation.

It can take up to a month to find a good tenant for a 2 bedroom.3 and 4 bedrooms are in much higher demand, but because they are bigger, repair and turnover costs are much higher.2 bedrooms are VERY difficult to re-sell. 3 and 4 bedrooms, if they are nice, will sell easily even in this market.

SFRs are much easier to resell if you decide this business is not for you.Sure as he** don't buy one $450K SFR if you want rental cash flow.