Hey guys, so I estimated I would be financially able to try to get an FHA loan for a 4Plex in my area in about 6 months ( again this is all a conspiracy, because I am so new to all of this, so I don't want to sound over optimistic or under, I'm somewhat lost even after reading so much ).

Sounds like a great "problem" to have @Kenneth LaVoie!

This is all assuming he has a good bit of cash, which it sounds like he does since he has no expenses) and then we'd send him a check monthly until we sell the house and then give him his original loan back.

. $87k per door sounds alot. you are getting a low return so you need better terms to cashflow. 

Sounds like you're targeting Kean University.

Frankly, this doesn't sound so bad compared to the return I could get on a 10 year bond.   

Quite often they are embarrassed by their situation and the prospect of less visitors and a shorter process sounds more appealing than scraping for that extra dollar and inviting the circus over.

Nice idea and all, but to me, it sounds like just asking for extra work.

But im confused on the process of wholesaling a pre-foreclosure and I hear that it can be more complicated than it sounds.

I'd probably say that sounds a little tight.