In most common methods of wholesaling you are NOT a principal, you are an intermediary.I like them all, but 7 is one that needs reminding because all of the fakers out there go bursting in with their "I will buy your house for cash" without a cent to their name.

Depending on the lending situation you may need to make a larger down payment to satisfy that part of the rule.

Scenario#2: Buy cash 3 SFH @ 350K each total $1,050,000. 

Good afternoon and thanks for reading,I have the opportunity to purchase my neighbor’s house (4 bed/4bath/2 kitchens on 3.28 acres of timberland adjacent to prime BLM hunting grounds) in Walton, OR (about 40 miles outside of Eugene) and I need advice on securing capital for the rehab budget of approximately $80k-120k.Purchase price offered to me is $300k with a $50k downpayment and 5% interest with monthly payments and a 1-5 year term. 

Condo and cash out will 'hurt' pricing for any lender.

Many investors from California are choosing to invest in the Midwest because of the low barrier to entry and yearly cash returns making more sense in these lower priced markets.

Purchase price: $120,000 Cash invested: $240,000 Off market seller finance deal What made you interested in investing in this type of deal?

Thanks - I have already looked into this and both my investments allow you to sell, neither allow you to "cash out".

One to continue my business out of, and the other to retain for cash flow. 

I'm not knowledgeable on any of this but typically you have to buy the lot cash(I think).