The info the Groves provided at the REIA was "okay" for someone new to the industry but I've always rejected the notion that one can learn enough from "group training" unless there is sufficient time walking each individual through 4 or 5 transactions.

Would it be sufficient to just get modern duct wrap insulation (I think it looks like foil) and wrap that over the asbestos myself?  

Having a permanent job combined with your own side business that you entend to be full time in plus a great ROI for the rental property and a sufficient Emergancy fund should pay wonders.If one is in a business which their income/job/business is way to unpredictable or just can't make triple the amount of debt within the same amount of time then it's too risky.I am fortunate to have the permanent long term job with stable income and starting two side businesses in rental property and Real estate agent along with tradeline commissions.

They will also want to see history on all the General Partners including UCC searches for all those signing on the loan and evidence of sufficient liquidity to support the loan.

Land on the one(s) you like best and ask a Civil Engineer to do what is known as a "takeoff", where you get quantities established.

You can do as little at 3.5% Down Using an FHA Loan but you will likely have an issue with passing the FHA Self-Sufficiency Test is you go over 800k. 

Therefore your 20% down-payment (for a CA property) will be more than sufficient to acquire a 4plex somewhere in Texas and also provide a reserve and living costs immediately. 

My reference was the fact that wholesalers are focused on doing large quantities of deals, therefore we don't have time to play with pre-approval letters and lenders that can't analyze a deal within 3 weeks, so it can close in 4 weeks. 

Step 1, get the land under contract with sufficient DD and extensions for hard EM.Hire architect for siteplan then you can shop the deal to a developer who will buy it from you.

If so, great - I will assume you are self-sufficient unless I hear otherwise.