I don't want to leave a lot of money on the table, but I also don't want to still be holding this when Winter rolls around.

Getting ready to buy a very distressed property through a wholesaler.

Hi Bigger Pockets,I'm based in Central Florida and new to BP.

@Mike Sarhan I am on a contract w/SRO property in Brooklyn.

I had an advertising agreement on file with them for the last 2 years.

Where abouts are you looking at to invest?

Purchase price: $300,000 Cash invested: $300,000 Sale price: $400,000 This was my first property and decided to sell it get access to its equity.

It's not unusual for one good person to apply, and they move in their half brother that just got out of prison or something.There's a lot more to look at than just income. 

Will it be a good option to buy?

While multi-family is a perfectly good place to start, I would tell you that it is often more competitive than single family homes… maybe just due to there being less of them in general, and being more desirable by investors.