Once they purchase it is a great opportunity for them to begin to generate wealth as the developers/investors help their property appreciate in value by increasing the comps.5-10 years down the road they will be extremely pleased that they purchased when they did.

They should have a list at their disposal to call and generate some interest.

Initial Escrow Payment at Closing = $995 Homeowner's Insurance $65.00 per month for 2 mo. $130 Mortgage Insurance per month Property Taxes $96.08 per month for 9 mo. $865H.

My initial rehab process was I did a number of repairs myself, and then sought out a contractor for the specific task I wanted to hire out (ie Robert @ Southern OR Wood Floors does fantastic hardwood refinishing).

HELOC from my primary home, which I initially leaned towards thanks to David Van Horn's opinion, with a 5.5% variable rate & I believe paid back over 3 years.

How did  you get past the initial obstacle of low net worth and or liquidity in order to get approved for the commercial loan?

We're initially looking to get into an inexpensive property as our first investment, which means it'll likely be a SFR.

If it matters, I was initially planning on using nreig for insurance on it as it is half of what State Farm wants since they only insure on replacement as opposed to the actual value of the property. 

I am seeking to know what will be my initial investment to start out on wholesaling.

Looking at the deal, I have two main initial concern/opportunities I don't have much experience and I'd appreciate any input/advice:seller broker marketed implementing Water RUBS as one of the upside (actually factored into NOI proforma in which asking price is based on).