A shortcut in discussions like this. 

I understand how you are confused as the home needs a lot of work and unfortunately not all of it will be covered.

Finally, cash flow is better and risk on that one property is lower since you have a larger equity cushion.If you both work and either can solely qualify for the mortgage, put it under one person only.

@Christopher Makestas  As a wholesaler you will have many many domain names as everything is testing to see what works and what doesn't work, and trust me a lot of stuff doesn't work haha..  

I understand that finding these properties that will give that kind of return takes work and time, and I am ready to put in both.

And thank you for your hard work and for creating this community... it has changed my life!

I want to know how this can work and NOT WHY HE WONT.

I periodically do some delivery work and use the drive time as "education time".  

This one needs work and would rent when finished. 

Unless everything is selling for above asking price then I would do the work and even if everything is selling above asking price I'd probably do the work and up my asking price.