Many people utilize wholesaling to raise capital, but it seems that you may have enough capital to do some small deals in some markets.There are people who make a good living just wholesaling, but I think that most of us have a progressive plan of putting deals together (wholesaling), actively investing our working capital (rehabbing), and putting our excessive capital in to long term rental properties.Our goal was to wholesale and rehab properties until we had $300k in working capital.

Unfortunately, the seller owed in excess of $80,000 in liens to the city, which included a partial demolition in 2011.

It seems the buying costs are way excessive to me.  

That seems a bit excessive.  

I know I would... they won't cover normal wear and tear.. but beyond that there could be coverage.. and I would be talking to my insurance man or women to make sure in the future your covered for tenant damages in excess of wear and tear.I was in my case other wise I would have lost 30k plus.. as it was I only lost 10k..

This seems a little excessive seeing as we aren't planning on altering the structure at all...

The commercial client bought it and let him keep the excess.

Use your excess cash flow to go out and get more secure, low interest long term debt and marry it with an asset that can cover the nut from cash flow, it will appreciate in value, and you can depreciate it’s value on paper. 

My research shows that the typical deposit size needs to be in excess of 40 % and access to low/no money down deals is heavily restricted.

If you itemize your taxes you may not want to lease a car because unless you plan to purchase at the end of the lease you will likely get hit for excess lease miles.