While I do have funds set aside to pay the mortgage in the event that rent is late, I like the little safety net of not having it all due at the same time.

My husband and I have the same issue in a rental we own, but do not want to spend the 10k we were quoted to make the basement "dry" since it will never be a finished basement (6 foot ceilings).

I am near Rosemont and I may know what you are mentioning, but I haven't been out by there lately.

So Harry K. you will have to convince a 'good wholesaler' who will undoubtedly have plenty of buyers in his back pocket why he should take the risk and go with you.It may be better, as others have suggested lately on similar topics, to groom a newbie wholesaler with potential to go out and find you deals.

I used to have the the time to renovate but not lately...

@Neil C.Hi Neil,kinda late post to this thread, but I wanted to see how things worked out for you a year later in the Inland Empire?

All late medel doublewides.

Some specifics I am looking for:(1) Seems these sites are running 1 or 2 days late on the listing.

I find financially or physically distressed properties that need repair, agree on a deeply discounted price that leave enough profit for my self and the rehab buyer and negotiate the front end purchase from the seller and back end sale to the rehab buyer while maintaining complete control of the deal from start to finish.

As this is your first project, and your household income will significantly decrease once construction starts, my guess is you'd be looking at a lender that somehow is interested in the proposed project, would be willing to finish it if you can't (you've spent your reserves), and will be deinitely lending at a high cost.