What is the typical target customer for that model?

The OKC has a lot of colleges/universities you could target if you liked that niche. 

It is the delight of social engineers and tyrants. 

I guess I would be an easier target because I lack funds to do it myself, that's why I'm trying to do wholesaling to raise capital.

However, you will want to target properties that need quite a bit of work/updating but are still livable by FHA standards.Alternating who takes the loan would technically double the time you have to push equity high.

Keep an eye out for exit points as you come closer to the savings target.

Basically, the investor should receive a target 7% annual income paid monthly.

In multifamily value-add investments, common risks include:Not being able to achieve target rentsMore tenants moving out than expectedRenovations running behind scheduleRenovation costs exceeding initial estimates (which can be a big deal when you’re renovating hundreds of units)When evaluating deals as potential investments, look for sponsors who have capital preservation of the forefront of the plan and who have a number of risk mitigation strategies in place.

If we want to live like Communist China, North Korea, Russia or other similar countries (Just look at Venezuela and Cuba and see what happens) then the government can seize private property and socialism / communism will take root.

After the first analysis I would do a second on a target house where you've pulled maybe $250k (or whatever makes sense to buy another property you want) out of your first house to fund the second, and see how the second looks.