If you have no idea where your score presently is, I recommend obtaining your annual free credit report (does not affect your score in any way).

Also, they are EXTREMELY restrictive with how I can obtain these funds, e.g., no gifts (even from wife), credit card advances, etc.  

To double close, you'd do a normal purchase contract with your end buyer, but you'd simply add a line "subject to seller obtaining clear title prior to this closing".  

You will learn a lot, save on rent, obtain equity via principle pay down, and if properties continue to appreciate you will be keeping up rather than falling behind.  

@David Rutledge, Good sense on your part to "worry" about things like how to pay off a balloon note, and how obtaining a mortgage affects your ability to borrow in the future.  

In addition, I wholesaled a few properties during that period when I accidentally had too many deals come together at one time (too many to rehab at once).MikeSorry for the delayed response, I have been out of town, but I am interested in how you obtained financing for the 30 rentals in 2 1/2 years.

You can then obtain much better terms using conventional financing rather than non-recourse financing.

I have been trying to obtain more properties to rent by assumable loans.

When writing the offers are you using the promise to purchase and obtaining written consent from the seller? 

But just to chime in as also a fairly newbie, I have put in several offers (and taken into account all of the info given here, though my info was obtained from several books on multi-family investing, prior to me finding PB) and not one was accepted or even countered - there are a lot of investors in Bakersfield doing the same, several re agents told me that.You say that you wondering if its a good deal, and you were given many reasons why it wasn't.