Many out of state investors use turnkey operators for the investment process, the tenanting of the property and the property management.

My partner and I are seeking the main tools we are in need of to start our wholesale business and what are the tools for operating expense for the business We thank you all in advance for all the feed back that you provide

For instance, a Grade A building on the East Coast would be a different proposition that one in Texas (value, operations, lending, etc). 

If this truly is the situation then maybe your best bet is to do the same, race to sell yours first while prices are high.

i am looking at pair of quad plex units on the same property.they are asking $330,000 for the pairthe first chart is off the sellers numbers                                       MonthlyAnnualIncome:$4,500.00$54,000.00Vacancy (10%):$450.00$5,400.00Management Fee (9%):$405.00$4,860.00Property Tax:$483.33$5,800.00Total Insurance:$208.33$2,500.00Maintenance Cost:$1,666.67$20,000.00Other Cost:$375.00$4,500.00Cash Flow:$911.67$10,940.00Net Operating Income (NOI):$952.17$11,426.00 i adjusted the number and added mortgage payment                                     MonthlyAnnualIncome:$4,500.00$54,000.00Mortgage Pay:$1,409.16$16,909.88Vacancy (10%):$450.00$5,400.00Management Fee (10%):$450.00$5,400.00Property Tax:$483.33$5,800.00Total Insurance:$208.33$2,500.00Maintenance Cost:$1,250.00$15,000.00Other Cost:$416.67$5,000.00Cash Flow:$-167.49$-2,009.88Net Operating Income (NOI):$1,286.67$15,440.00 i over figured vacancy to cover one unit empty per month.other cash flow covers trash and waterthere are a total of 9 units. i know i am problem not giving you enough infothis would be my first investment property and i am a little gun shy of the deal

If you want to find a mentor your best bet is a local meet up.

Now this can work, but you're betting on luck to take you there.

It seemed very encouraging and their operation philosophy is aligned with my philosophy. 

Point being, never said what Amazon can't do because every single time Amazon is bet against, they win. 

Not a foreclosure different scenario .. but I bank at a small commercial bank.. if you used a large major bank I bet that would be tough to do.but once they cash the check I think your out of luck unless the sale was flawed on the trustee side the money is not coming back.