Wealth building is a risk game and educated risk is good risk.I have high cash flow and a large HELOC to rely on as a back up. 

Account Closed Yes, I totally agree.

The less prepared you are, the more you must rely on other people and hope they give you good advice.

Looks like I totally agree with that....

This allows me to be totally paperless!

@Maria Marrero  Dept Service Coverage Ratio or DSCR for short, is the amount of Net Operating Income ( NOI ), which does not include your mortgage, Divided by Total Dept Service (TDS) ( usually mortgage payments, equity loans ) so the formula is: DSCR=NOI/TDS.

Daljit, it would be a total home rehab.

- Since I already own 1 other rental property that I purchased last year (not including the one I'm selling), I'm concerned about getting financing on 2 other properties, which could total up to $700k in value if I was putting 20% down (the $140k).   

Knowing how to run comps and know your rehab costs....and not relying on the wholesaler numbers is critical here. 

Looking at possibly putting an offer in but from what I can tell( I am relying on pictures, apparently the tenants don't know it is for sale and I can only physically look at the outside??)