Buy the new rentals using the fix up and hold strategy, which should allow you to eventually refi and pull out some cash to help pay down the balance on your townhouse. 

I know I'd eventually be able to unload the properties just don't have enough skin in the game to be confident. 

Let's connect, hopefully we can work together eventually.

Co sign from family would really help in beginning but eventually you want your own mortgage to build credibility with banks..

For example, research supporting why you're focusing on homes in the price range of $100K-180K, why you plan to market your properties through Craigslist, etc. because someone other than yourself may be looking at your plan at some point and they need to know the method to the madness.Good points to research are:- How fast are homes selling in your target price range- What is the median income of the local population- What is the median family size of each household- Where are the best neighborhoods located; best schools- Marketing: how are you going to convert leads into sales?

The buyer who you'll be wholesaling it to should have the cash up front for it, because eventually he'll do a fix and flip, or a buy and hold..  

You can use it for a multi-family home, in which you eventually convert to an investment property.But in order to qualify, it would definitely have to be your primary residence and within reasonable distance to your job in NY.ThanksEd

But if you stick with them, the sellers eventually drop their price.

If it sits long enough getting low ballers maybe he will eventually figure out he isnt being low balled, he is being unrealistic.

.: ~$2,300Total est. cash to close:~$13,000monthly interest: $552 ( 10.99% APR for 12 months and interest only payments)The total cash to close for both deals is around $26,000CONVENTIONAL: 20% down to close, 4.75% interest rate, 30 year I would want to do a cash out refinance with both properties eventually anyway, so which one should I go with?