Third, if you get in a position to put significant cash as a downpayment, you should always look at local lenders who know your market, and can move quickly. 

I believe that this would have to be considered in the initial purchase to provide a positive cash flow.

Thanks for the welcomes @Clifford Paul Yep...only issue I think of is managing and maintaining it.

And if you are qualified as a GC then providing a real repair estimate would be a source of credibility that so many other wholesalers just don't have so I'd definately view that as a positive.

Most of my clients are in position to see an average over 5 years of 9%-12% ROI on cash flow and levered IRR's as high as 30% annually (this is bank financed homes with appreciation figured in with cash flows.)Many of my clients are in other markets including, Cleveland, NW Indiana, Detroit (I know,) Memphis, and Kansas city.

you're in a weak position with the FHA, but it's also a pretty simple one.

@Tony Castronovo is correct about the due on sale clause; that's certainly something to be aware of.From a tax standpoint, though, you will be in the same position. 

What do you see as the most positive option for me?

You REI gonna maintain all that? 

After you collect some booking data, you could always make the decision to re-position to strictly Corporate.