@Jacob BuchananWelcome to BP, below are some links to get you up to speed on wholesaling.https://www.biggerpockets.com/renewsblog/2015/01/31/ultimate-beginners-guide-real-estate-wholesaling-2/ (Ultimate beginners guide to wholesaling)https://www.biggerpockets.com/renewsblog/2015/10/15/bp-podcast-144-getting-out-of-your-comfort-zone-and-kicking-butt-at-real-estate-with-danny-johnson/ (wholesaling tips)https://www.biggerpockets.com/renewsblog/2014/10/09/getting-started-real-estate-wholesaler/ (BP Podcast 091 Wholesaling)https://www.biggerpockets.com/renewsblog/2013/10/31/wholesaling-podcast-mike-nelson/ (BP Podcast 042 - wholesaling)https://www.biggerpockets.com/renewsblog/2013/08/29/flipping-wholesaling-plan-sam-craven/ (BP Podcast 033 - wholesaling)https://www.biggerpockets.com/renewsblog/2013/08/15/wholesaling-business-lamar-cannon/ (BP Podcast 031 - wholesaling)https://www.biggerpockets.com/renewsblog/2013/04/04/wholesaling-podcast/ (Wholesaling & marketing)https://www.biggerpockets.com/renewsblog/2010/3/17/calculating-fixed-costs-flip-rehab-wholesale-real-estate-deal/ (wholesale calculations II)https://www.biggerpockets.com/renewsblog/2010/03/10/determining-maximum-purchase-price-mpp/ (wholesale calculations I) 

I wouldn't be holding my breath on Fredrickstead coming close to the level of cruise ships that Charlotte Amalie brings in anytime soon either despite the steps they have made on the tourism front.I would feel much more comfortable counting on Hovensa and the potential telecom hub bringing jobs to STX though (eventually), and I do think it has the potential to be a great opportunity for single-family home investors.

I just don't feel very comfortable yet to put a deal together because of the fact I feel like I have been mislead and given wrong information.

I have the capital to pay up to a 20% down payment and still have some reserves for repairs and unforeseen expenses, but I am also comfortable with paying PMI and having about 4% down with an FHA.

Everyone has a very different opinion and honestly it is whatever your preference and comfort zone.

I currently own my home as well as 2 investment properties, and am very interested in buying and holding residential R/E and growing a portfolio that will hopefully provide substantial income to live comfortably off of one day.  

I don't know anything about that area specifically, but I think an architect and engineer just has to sign off on the design for it to be accepted by local building codes.

While not my first choice based on personal comfort, financially it does seem most sensible.I think I need to educate myself more on the ins and outs of renting before making a decision.

This is not a typical investment since we want to get our mother a nice and comfortable place to live. 

you don't have one, hence, your gfi's could not be hooked up correctly. i agree, the $15k sounds a bit steep for the total rewiring job. i would shop around for the best deal you can find, but i would definitely do it. yes, of course it would " pass inspection" as is, if a home inspection was about pass or fail, but it's not about pass or fail. its about the condition of your home at the present time. and at this present time, the wiring is working as designed. is it safe???