If you ever want to learn about note investing, you can always contact me and I can give you the main concept. 

What you’re also going to want to take in to account (and I’m not sure these fit into an excel sheet) is the benefit to buying owner-occupied-from loan flexibility and down payments to reduced living expenses and ease of self-management.

I am brand new the real estate investing and the biggest reason i am interested in wholesaling is mainly because of the amount of money required to get started from what i am seeing.

It's REAL and we can control it.You will need two things...A Promissory Note, andA Deed of Trust.To fully answer your Qs, here are the main terms you need to agree on with your lender:1.

It's to your benefit to keep them in place while renovating (if possible). 

I want to get my feet in the water and learn as much as I can and use my Navy Benefits to my advantage.

Or, is the "utility allowance" mainly left up to the owner's 'discretion' and the local housing authority won't penalize or shut you down as long as your rent seems fair for the tenant's income?

The contract was definitely written to benefit the seller, hands down.

I also, want to invest on side mainly rentals and will eventually work my way up the scale.

will it have tax benefits or not?