There's no need to give any definitive answers at this moment.

No Soft money is due to lock it up? 

@Isaura Orellana why would a S8 office approve rent of $1250, with no included utilities, for a 3 bedroom rental in the City of Detroit, when there are thousands of cheaper rentals?

In fact, most states probably consider wholesaling an illegal activity because wholesalers are not licensed to sign contracts on behalf of others, yet that's exactly what they do.It's very difficult to catch someone in the act of wholesaling, particularly if all parties agree to it and there are no complaints.

Live like no one else will now so you can live like no one else later!

It's great to get someone's perspective, but what I've learned, even after someone gets free advice, they don't take it because they have no skin in the game.They haven't either worked or paid for that advice, and they don't value it.

If there is no personal guarantee then you can let them go to foreclosure.

If so they can get a ground up financing and use that cash on the down payment, as ground up financing can finance some of purchase and most of construction costs (on a withdrawal basis) No, I should have specified.

No not at all!

But again, you shouldn't be locking up properties without knowing if you can perform on them.