Welcome Melinda, I just recently joined this website also and am fairly New to wholesaling and real estate period!

@Shannon K. if the ARV is sufficient enough to cover your renovation and CC, then the short answer is yes.

I just don't know if I want to whether the payments on the property during the construction period without any income coming back from it 

If you purchase the property with cash and then want to refinance the property most lenders typically require either 6 or 12 months "seasoning" period.  

Usually either a short term loan with goal of owning free and clear in 4-6 years (no cash flow, let the renters earn you a free and clear house quick) or a 20 year term allowing double digit cash on cash returns.

As a realtor, I look daily at all of the potential deals in my market from REO's, NOD's, Short Sales etc..to the 40 unit Multifamily listings available.

I replied after reading the rules but my short and simple reply was deleted!

There were presentations on short term rentals and monthly leases that definitely got me intrigued.  

Not onky that but you can hold on to the cash flow properties till they are paid fully for your retirement so its a short term and long term benefit for both of you guys!

However, they were short term and out of the 100s of deals I've done, we're talking 2 times options were the right tool.