The site prep can vary wildly using your terms depending on what is needed. 

Long term wholesaling as we now define it may not be a viable method of business.  

I had trouble finding a bank that would do two dwellings and ended up with a loan requiring 25% down and a few upfront points with 7.5-8% interest rate depending on lock in day.

The rental agreements between the owner and the renter must mandate language by the city.Lastly, the owner or agent must be available by telephone twenty-four (24) hours a day, seven (7) days a week, to respond to police, fire, or other emergency personnel requests.City of Bradenton BeachThe City of Bradenton Beach allows short-term residential or vacation rentals, but the owner must obtain a permit or license from the Division of Hotels and Restaurants of the Department of Business and Professional Regulation, which is very similar to the Anna Maria requirements for the application of license as set forth above.

It’s really contract dependent.

I'd say this deal overall doesn't seem like the best deal given the numbers you gave as well.My business partner and I do investment deals all the time in Phoenix, we should grab coffee sometime and talk through a strategy based on your goals.

I really like the  appreciation vs. cash flow article here, but also not sure where to look for things like where businesses are moving to and types of jobs in the area written in the same way as that article.

@Mark WalkerIt truly depends upon the market.

Busy, busy busy...

HI Mario, on a primary you might actually be able to get to 90% depending on credit, income, property type and seasoning..rate might be more tolerable than you're thinking..