My family and I purchased this single family home foreclosure and saw the potential for a large profit with some basic upgrades to kitchen, floors and bath.

Basically you set aside a portion of your rent (say 25% or 50%) in a separate account, and provide a letter with your rent stating this is what you're doing.

They explained that basically adding a 2nd 220v outlet is what determines whether or not it's multi family.

I just came across an older thread about wholesaling in Florida that basically said it's illegal to get a property under contract then market and sell it without a broker's license. 

I will always have a max number plus 500 .. many times everyone is backing into basically the same number and u can win the property by just spending a few hundred more. your not going to turn the deal down over a few hundred right.if its on line auction winning the bid just means your now in contract to buy.. and its a normal escrow after that.you will never work with the bank you work with the auction company.

anyone use Anchor investments out of OHIO  there website does not show any principals or owners.it looks like they may be cloned in a few other states.. websites are basically the same.. 

I’m guessing around 1,800 for the primary residence, but we may have to replace floors in both apartments as well.Yes we would go with a basic L kitchen.

There's there's no specialized license requirements buying a partial is basically done by executing a receivables contract.

Its fairly basic. 

Basically, unless you're willing to wait for a 6 month seasoning period, it seems like the requirements are that your delayed financing loan amount cannot exceed your original cash purchase price (plus escrows, closing costs, etc...).