I've been curious about how other wholesale investors go about it when they are cold calling motivated sellers.

I’ve given them my price and tell them no negotiations - take it or leave it - and I’m not a motivated seller.

Needless to say the couple is motivated to move and aware that the home needs an enormous amount of work, hard to tell how much with mess, and are realistic about pricing.

Buying good deals can be achieved in any market.

He is a highly motivated seller and needs to sell, but asked for me to see if that would affect the numbers. 

I think the business model for every investor should be to achieve these types of profits from multi-unit properties.

This is a great place to learn and to meet people so take advantage of all the great resources.Find and connect with other BP members that are in your area: https://www.biggerpockets.com/search/usersI hope BP helps you achieve your goals!

What is the best course of action to achieve my first rental without affecting my ability to get a primary residence mortgage? 

While the condo we were currently living in we could rent.Went through the loan process, dealt with slow attorneys, delays with oil tank removal and as of July 23rd we are the proud owners of a single family home in Peapack, NJ.The condo in Bedminster:$2,100/month - 2 bed, 1 bath - was rented to the first prospective tenant to come along, (after vetting and all the checks done)   She will move into the property on July 29.I know there are probably some gaps in my description -- am happy to help answer questions but just wanted to put out there that the 90 Challenge worked for me by creating a support system and guidelines to achieve my first rental property.   

Sellers are asking realistic prices in some cases if they were able to achieve market rents.