Hi fellow investors,One of the wholesalers I deal with has sent me an email with this info.

I know I definitely need to peruse some of the other forums, however I'm assuming having three months mortgage set aside to cover tenant vacancy would be somewhat adequate( I know it's probably not ideal, but I could maintain the additional mortgage short term on my salary if I needed to)? 

The worst that happens is you run behind on turn work and have to return to touch up paint or do some odd's and ends while new tenant is there.. but to lose a entire month's rent is just plain stupid.I managed a 126 unit building some months during the summer we had 10 turns,, and that's moving 10 apartments, in and out in 24 hours..

Obviously long term low fixed rate would be ideal, anybody?

oddly enough, 7 people I've talked to in the industry in one way or another have never heard of wholesaling. 

He said that he thinks the 203k would cover it but I should call the county and see what it is zoned.I checked and the zoning will allow for me to build up to four units so my thought is that I want to ideally build two duplexes on the lot OR build a fourplex.

I oddly find it cathartic when folding my laundry.I found BiggerPockets through it's podcast, and hope to share insights with other individuals as we navigate through the journey of rental property ownership!

It was just not ideal but these are all lessons Im learning along the way...

Ideally, you get the settlement amount in writing.If you win at the auction and find liens you weren't expecting, you have to contact each one and negotiate a settlement.Each type of lien needs to be treated differently.

I admit I'm less familiar with Indy but that strikes me as oddly low for three units.