Might be worth seeing how flexible the price is.Cypress has a newer Duplex/4plex community...the numbers won't work as a traditional rental but might make sense as a house hack.If you look further out...there's a new construction neighborhood in Sealy (Westward Pointe) with lots of incentives that I've sold a few homes in...the appraisals mostly have come in much higher than the purchase prices.

So it had certainly been worth it for me. 

Typically wholesalers and investors can be found on cash buyers group, or wholesale groups as wholesalers post listings there and investors reply on comments for the deals.

Approval Process: What is the approval process like, and how long does it typically take to get approved for a loan?

Investor needs to somehow recoup their initial investment of $29k + whatever would have made this deal worth it for them.Heck, maybe I could just do 50/50 partners and hold the properties for life together and still be $0 in the deal. 

Bridge debt is used to “bridge” a property from its current state to an improved state and by virtue of that purpose, the maturities on these loans are short, typically 3 years with two possible one-year extensions (if the covenants are being met).The reason this distinction is important is that if rates rise, property values tend to fall.  

I work a typical 9-5 out of Manhattan so the time I have is limited to a little bit in the evenings and the weekends.

Management fee is typically around 10% of the gross rent.

Do you find it's worth the higher cost and additional hoops to jump through?

Well worth it when managed well.