Never done it either, we've been approached to lend by some investors looking to do it.The risk of insurances rates skyrocketing or simply being cut off makes it extremely difficult.You also have to consider rental demand.

At this point, the earnest money has been collected, and we were under contract to close on that day.. the original seller then tries to resell the property through another wholesaler that i happen to know personally.

I am currently looking at a multi-family foreclosure that needs about 60K in repairs, the numbers look good in the rental estimate calculator.

.- **Financing Options**: Look into FHA loans or conventional loans that allow owner-occupancy.

Highly recommend checking it out. 

Here’s why you should consider investing in this growing market:Affordable LandFlorence offers affordable land compared to larger markets, allowing investors to secure property at lower prices with strong potential for appreciation as the area develops.High Demand for New HomesThe city’s growing population is driving demand for new construction.

Now there can be some exceptions for expensing certain carrying costs, but without knowing specifics it's hard to say at this moment. 

If so, which regions should I be looking at?

You are reading books, but not interacting with real estate investors at meetups which is why both things you said don't make any sense.

I know them all, more than happy to recommend ,