Save your other money for the next non- owner occupied that you will have to have 20-30% down. 

Yes, I understand how "wholesaling" works and I think phrases like "grants the right to market the property for sale" are what get non-licensed wholesalers in trouble with licensing agencies and the law.My understanding of how this should be done is with a standard (or better written) purchase agreement with the "Buyer" listed by name "and/or assigns."  

Applicants with a non-violent criminal misdemeanor that occurred more than two years ago or a non-violent criminal felony that occurred more than five years ago may be considered if restitution for their crime was made in full and all time was served.Also, we may require an additional security deposit and demonstration of good employment history, credit history, and rental history since the time of the crime.Multiple offensives will result in denial regardless of what the employment, credit and rental history shows.

In wholesaling, you're typically dealing with non refundable earnest money and no option period contracts.

However, generally speaking, a Bankruptcy Trustee can declare a specific debt as non-dischargeable through bankruptcy due to "Fraud" on the part of the Debtor.

Hi my name is Esteban. I am interested in starting a real estate investment in the US. I am from Ecuador but I believe that the US has stability and allows you to create a business with some security.I wanted to know ...

Why would you even consider attempting to move forward on this non-deal?

Not sending out that Notice to Quit for Non Payment of rent the very first day rent is late!!!!

California is famous for going after out of state landlords and a few other states are doing the same as they try to replenish their coffers after the economic downturn of the last several years.If you do have rental profits, almost every state will require you to file a return and pay taxes as a non-resident.  

It's a good rate for a non-owner 4 unit property based on the current market.