Most wholesale deals are crap because either the repair is too low or the ARV is wrong. 

I've found some lenders who work with rental properties based only on the income of the property, not the borrower's debt-to-income ratio, but they basically do blanket loans for multiple properties and their minimum value is higher than the combined value of these properties.So on the one hand, I can't get a regular bank loan because I'm self-employed, and on the other hand, I can't get a blanket loan for investors because the property values are not high enough.

I have seen this crap in the marketplace over the years.  

If I had to speculate I would assume it probably has to do with a combination of being more stringent on the rental cap due to FHA guidelines and their requirements, along with wanting to preserve the building's atmosphere of being a condominium not a hotel.

My thoughts would be to make the third floor a master suite for the three bed unit and have combine two tiny bedrooms into one on the second floor, yielding a three bedroom total for that side.I thought about the floor joists as well.

Start with a small multi flip using hard money (or a combination of my money and hard money) and then trade up to bigger multis (1031 or carry over the note) until I reach the kind of cash that the bank or lender would consider as enough skin in the game to lend me the rest.4.

Some combination of contracting for a title report and / or reviewing the county recorder's records.Any conveyance. including a mortgage lien in the property, will be recorded in the county's records.

I am now doing a combination of Mailers and door knocking.

Wholesalers lie about the crap their trying to sell every day.

It does not matter to me if they base it off the home or me or a combination.