As a wholesaler with a marketing budget, you won't make any money with a $1,000-2,000 margin on your properties.

I've always dreamed of owing a house, and finally have the opportunity, but with a really tight budget.

Remember, people care about "what's in it for me" so stress the benefits of working with you, and the fact you're wholesaling will pale into insignificance.My answer to your second question is, market the property in any and every way imaginable, limited only by your budget.

I am still going to be under my 3K budget and it will be done well before my self imposed deadline of one month, but remember when buying a HUD home or any home that hasn't been lived in for a while, no matter how good of a inspection you do, there are going to be little things that pop up that will cut into your profit.

We each have about 10k to put in plus we can get a little funding from the family for the first house.For financing we were entertaining the idea of an 80/20 loan.

Are they magically off budget?

As for the original question, it's got a lot of variables, but I would say rent if the timeframe was shorter, but for '3 to 5 years' with potential that it may change, I'd look to buy now at a discount, depending on the budget Jay is looking at.

So, the owner ends up paying a lot of the expenses out of their own pocket (off budget).

They are good at getting the projects done on time and on budget.

This is where I am basing my assumption because this area is like the "Beverly Hills" of Phoenix and is centrally located among commerce and entertainment.