I like the affordable price point and smaller units personally. if any of that strikes a chord would love to chat.

Also a lot of the hard money lenders these days from 1st time flipper want to see that you have about $50,000 liquid to weather any storms, like supply chain issues from Long Shoremen's strike. 

Take the $40k, live off of that, work for free for 6 months, and then strike out on your own.

Those who strike the correct in between balance are generally those who are most successful.

“Wholesaler strikes deal at $75,000 but does not have $75,000 and may or may not know what it’s worth to an end buyer.

He doesn't strike me as having sufficient concern regarding risk mitigation?

Creating an LLC to protect you from a tenant lawsuit is like building a hardened bunker to protect you from a meteor strike.

If you come across a deal like that give them the number that would work for you and maybe you can strike up a deal. 

If you swing for the fences, you may strike out. 

Also need to focus on markets/communities that strike the balance of relatively low land cost, strong rental demand and include professional property management to strategically minimize vacancies and maximize rental income from day one.If you have more questions, feel free to reach out!