I ask, somewhat out of curiosity, but also because I'm trying to figure out how realistic my own goals are.

I'm good with the terms.I've written a realistic scenario down of where I'll be in five years and I'm sticking to it.

I appreciate the pragmatic and realistic perspective Josh and Brandon give to inexperienced investors such as myself. 

I am not trying to scare you away from wholesaling, but read this article to get a realistic taste of wholesaling and helping you to figure out where you want to go in Real Estate and help you find your "Why":  https://www.biggerpockets.com/renewsblog/2016/01/27/started-wholesaler-read-this/.  

They will know the market and can tell you if the asking price is close to realistic.  

That's what you have to give in exchange for the low rates/longer amortizations/lower fees.  6% is almost bank portfolio loan rates.  10% with a few points is going to be more realistic for private money, and with the complicated (i.e. more risky) scenario you described above, HML is probably the best bet.  

That being said, I can't see the price history from what I just looked at, but my guess would be that it was priced too high and sat forever with a stubborn seller that didn't want to come down to a realistic market price. 

A carefully thought out and  realistic plan and cost estimates carries more weight than a 800 credit score by some naive dreamer.Finding out your note is unenforceable and or noncollectable is expensive.

But realistically 10 years at 7% they will refinance befor you get that far.  

Rob, good advice and very realistic view on cost!