The financing issues now: Firstly I have decent credit: 708, 703, 685.

I have been pretty good about budgeting my money but I know there is always room for improvement.

In regards to question #2, really depends on your credit, experience, income and liquidity.

Ryan when dealing with commercial real estate which is five or more units you want to figure out the cap rate and how to improve the property and increase rents.

If so how will you invest in improvements while the rents are still low, with only $32/mo? 

The 2 mortgages are affecting his credit and he wants to unload the first house.In all my researching of wholesaling I've yet to find out how a tenant affects the transaction.

gotcha... although if you just hand in the keys your walking from your downpayment and whatever cash you have in it.your sense are correct all these folks singing on massive debt with 5 year calls are taking a certain amount of risk.. just need to look back to 08 09 when no one could refi and all these properties changed hands.. it was not because of poor operators basically it was frozen credit and banks not relenting or walls st.. hedgefund bought said notes from failed banks and refused to rewrite and took the assets.. since they paid pennies on the dollar for the paper.. foreclosing and reselling was still a better play for them.. 

Probably should drop some names here, what do you consider a "lender" Do you bank with credit unions or regional banks?

If you had that kind of money and credit, wouldn't you take out a mortgage for $53M at 4% if a bank would lend it?

I saved most of that, I have a small 10k loan at 8.5% interest rate that I got unsecured from a credit union.