Hello Everyone,I am currently a non-traditional student attending the UTSA Real Estate program.

Sure, rates may be higher than what you'd get from a traditional bank, but you'd close quickly, avoid the red tape of a bank, and they won't care about your daughter's trust.  

So I am going continue on with my traditional property management company I am starting and provide the virtual assistant service as an option.

With a mortgage still owed on the property of about $230K can I still do a traditional Wholesale deal?

You can certainly do lease options as an agent, using traditional listing agreements.  

My goal is to buy and hold single family homes (traditional 3 bed 2 bath).

There is almost no way you will find a lender who will do a traditional mortgage for $20 with $80k in repairs needed.

The overall cost was more than a traditional house because the asbestos removal has to be contained and disposed of in a different way.

I'm in that space in between traditional financing and true hard money.

I think that most people's bad experiences with the program stem from not working with a team that knows their way around the program.You're right that appreciation is not guaranteed - but that is true whether you go with a 203k or a traditional purchase.