These cash reserves can be brought in from another coborrower who has the reserves or cash if you literally have no money at all.The income calculation is much more favorable as a non owner occupied property.The above will work as long as the gross rents of all 4 units X 75% is greater than the PITI of the property each month (prin/int/tax/insurance).The above will only work for .01% of RE investors who have learned how to use creative financing techniques to obtain legal control over real property (real estate) and combine that with conventional financing guidelines.Most conventional lenders have never paid off a property that has been controlled by a land contract, a Sub 2 contract or subject to, Purchase option, or lease option.So it will take a good team, a good lender, a good attorney to help you review those contracts to make sure you're missing anything in your particular state.Best of Luck.

I’ve seen many a house for sale that was a rental turned into a grow house or garages wirh grow rooms where tenants have illegally installed their own 220v electric.Former co-worker had a 4bd 2 ba rental house converted into a grow op and cook op, luckily her insurance covered the repairs... it’s not so uncommon as to say it’s better to run your business under the “as long as the checks clear I’m happy” technique.

Each lease will probably be different but you can tailor it to each vendors needs yet you want to reduce the liability and ensure proper permits and insurance is obtained.

For example, in the construction phase the floor plan and finishes can be tailored to a rental use: durable finishes with broad appeal.

Based on your strategy, you would want to tailor your training differently.

Disclaimer: I am not planning on purchasing this house I just wanted to do an example analysis to get my technique down.Here is the property listed on Zillow. https://www.zillow.com/homes/for_sale/fsba,fsbo,fo...and here is a screenshot of my analysis.

That will help others tailor their comments to your requirements. 

These methods and techniques are not just for wholesalers, (and I include wholesalers as one of the ways to get deals sent to your inbox) they apply to anyone who wants to find discounted property.

A lot has probably changed in the last 13 years when the book was published and would like to get some knowledge from someone who is currently investing that either is currently or in the past have used these techniques.

Without wishing to trawl the net, I'd like to learn who sends a lot out, who sends great deals, who sends other peoples deals (the copy and paste crew as I like to call them) and gain an understanding of some new sources of potential profit, investment styles and techniques and maybe even feel the full force of a pitch or two!