They will finance up to 85% (leaving you a 15% down payment).

Wholesaling is hard, you basically have to know how to be a flipper and just make less money, it takes either a ton of time or a good amount of money to find sellers willing to sell at a price that leaves meat on the bone for the investor and wholesaler. 

That also leaves me feeling nervous sometimes, because although I’d love having even more money in our pocket every month from only being required to pay interest-only...eventually you’re going to have to pay that total debt, so I’d almost rather be attacking it all from day one.Unfortunately, we’re never going to be interested in using this as a rental property.

That doesn't leave much for pre-paid taxes, insurance, closing costs, etc. with a $10k budget.

I actually prefer to leave them as the titled owner because there are no property taxes as government entities cannot be charged taxes.

Takes one city policy to pass or a big company to leave to create an equity void

They only offer us $800 off and say take it or leave it.

Having him start work is the fastest way to butt heads and have him leave you with a gutted house that you’re stuck with!

IMO if him paying late isn’t causing you to lose any money and he pays every month.... put up with it until he decides to leave.

That the value of the property declines the property owner falls behind on an underwater mtge, the 1st lien holder forecloses leaving nothing for me in the 2nd lien position.