this technique was a lot more popular about ten years ago , basically you would want a cash back if some of the renovations would not be done.I never did one myself but heard a few people who did, cant tell you if it's legal or not though.that being said, the schl and the bank will evaluate the place and see if it's worth that price.how is the wholesaler getting paid?

I definitely plan on purchasing my first multi-family(Duplex,4plex) for a good deal but it's making the right financial choice in regards to financing.

Hopefully you have more and better choices there in Denver.In my little area there is only 1, possibly 2 'stagers'.  

Arizona is different from Minnesota,, I had a 5 plex, 6 plex, and were older buildings I didn't have choice I provided window a/c units I installed in summer and removed in fall.

It's fine and often desirable as a lifestyle choice, but can be tricky as an investment asset.

Real estate is also becoming a very popular investment strategy.

At least some of their websites now state that this is not a good choice for someone who does not intend to keep the property for at least 2-3 years.

The choice is the tenants, which I think they like too! 

@Rhonda WilsonYour advice to Bernard is totally off for two reasons:1) IRS rules do not permit IRA funds to be invested in life insurance:https://www.irs.gov/retirement-plans/retirement-pl...2) And two, I totally agree with @Steve Vaughan that insurance policy as an investment is very poor choice for the reasons he described. 

I did a 1031 exchange earlier this year and bought into one of each.I considered buying a NNN property directly, but was told that I'd probably have to spend $2.5-$3M to get anything of decent quality with a strong tenant.I am happy with the choice I made.http://www.rockwelltic.com/