Either process could work, but if he is securing his interest with a lien on the property you are purchasing, then he should most likely send the money directly to the title company (and have you sign a note and mortgage or deed of trust). 

I cant imagine they dont have clients that use a rotating line, whether personal or secured by real estate, for a reserve.

While I've never done it, it seems to me like the wholesalers are kind of like consignment shops for real estate (ducking to avoid someone throwing a microwave at me).Since it seems like you're in it, any chance you can hold it for a while and allow the rental income to float you, until you find a buyer? 

However, I now have a Duplex under contract in Birmingham and did the final inspection last week and I was looking to secure funding, then my current lender told me that they don't service the State of Alabama. :/ Does anyone know any smaller local or bigger banks that would offer the same type of loans?

A little less than two weeks ago I secured my first deal and it was a BIG one. 

One dip in what the market dictates (or if there is one tenant that simply paid too much in this case), and it could throw you into a loss for awhile. 

Pool parties......oh and you can throw in some gambling to add to the bottom line.Complimentaries have been squuezed to the bone. 

If your area is sketchy, maybe think of adding a home depot decorative metal security door to both front & back for single moms.

The maintainers are given a monthly per-diem rate and are required to secure their food and living arrangements from this pay.

@Jennifer KobasicIf all the details are factual you provided I may consider it *** if she was willing to put down a double security deposit amount