I don't have 20% to put down (could maybe put 10% of total cost), so I had initially through FHA (I will live in the property) construction loan, however now I am realizing the FHA loan only allows financing for 1 unit dwellings.Does anyone else see a way to do this with low money down?

If and when we really do have a bubble and it bursts is up to the market ultimately and no one can really time it.

If they don't pay, the responsibility ultimately falls to you, the landlord?

Some houses as you move up the coast are still stick built but if they're in High Velocity Hurricane Zones the amount of strapping required almost cancels out any savings  you would realize from wood framing.1.

@Joshua Lee WegnerThere are 2 ways that people do wholesaling.1st method - They assign the contract to the ultimate owner.You are simply collecting a fee from the buyer in exchange for the contract.You will never own the property using this method and as a result shouldn't have to pay any closing costs.2nd method - double closing which is you will purchase the property from the owner/seller and then you will sell the property to the ultimate buyer.You will pay for closing costs(title work, transfer fees/taxes, etc)You will likely net less income using the second method which is why a lot of wholesalers prefer the 1st method.

My brother has been talking about moving there for years and after doing some research, I realized why.

With that definition, many sellers are selling a turnkey property without realizing it or marketing it as such.

I'm going to focus on that until I can build some capital and gain some experience (and hopefully partnerships) to advance to some more intermediate/advanced techniques like BRRR's, flips, and ultimately multi-family buy-n-holds to generate passive income.

I never realized they could call your debt I thought they had to wait for the end of the term of the loan.  

Similarly, I suspect Amazon wanting to enter the mortgage business isn't about the potential profits, rather they want to capture the vast amounts of data that a loan application produces, which will ultimately strengthen their understanding of their customers and lead to an increase in overall profitability.