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Thanks a ton for this, you're correct it was a Land Bank deal, im reaching out to them to see if its even doable.   

At BP, you not only learn how to get deals done correctly, but also have an opportunity to network with other real estate investors and learn from the informative forums posted on BP everyday!

Would love some feedback on whether a performing note would be the correct option for me.I'm in the process of opening an SDIRA. 

New flippers just don't know enough about to estimate ARV correctly, or keep their budget and timeline on track.My advice would be if they can do it profitably with a HELOC even if things do not go well, then they should (unless there is a cheaper, safer alternative available to them).

What kind of platforms or methods are successful in finding deals as a wholesaler?

@Steven Shafer is 100% correct on the FHA county loan limits being higher for multi-family homes. 

Bigger Pockets is the best way to go when it comes to getting deals down correctly and reaching out to seasoned investors, Austin.

Hi @Ellie Narie,You are correct that if the average stay is less than 7 days it does not qualify as a rental activity, so it must be reported on Schedule C. 

There won't be a "popping bubble", but there will be a correction for sure.