This isn't meant to be a defense of wholesalers or wholesaling - some folks have no issue with wholesalers and others think we're all scum.  

If you can get a 4plex for 50-70, you should be able to get one for 100 that will have less issues down the road, and is in the best location... and you'll still have money left over.

Seems like code issues might have been found. 

One of the big topics I will be looking for on the forums are the issues with "cross border investing" I have been absorbing the podcasts as fast as possible, as there is tones of great info and tips sitting in there.I am sure I will be searching for / posting LOTS of questions to get things off on the right foot!

And the loan that issue is $570K.

There are 2 ways to think about the job/salary issue :1 is to accept it or 2 is to change it.

I have been a broker now for 42 years.. it has NEVER not one time caused a problem when I want to buy for my own portfolio... as stated simply disclose you are buying for profit or loss.. and have them acknowledge that.again we must be reasonable on valuations  unconscionable profits are still an issue whether your licensed or not... and of course its subject to a trier of fact  ( judge)

Based on the numbers it is not worth the issues you will face to hold it.

I found a FSBO and am preparing to make an offer.  Asking price is $65k and I have $40-45k cash available to put into it.  Question is, how do I finance this?  I would love to put 50% down and get a 10 year mortgage f...

She still worries at times having a maxed out HELOC, especially at our age,but she has no issues what so ever spending all the money it brings in.