If you want to play it safe drop the ARV by 2-3% for every month you plan on holding the property.

Just seems its introducing many people to the real estate game.....

If you don't really know play the renter for a day and go look at you competition.

That is where the question of integrity comes into play, because the agent that's running all over town for you, is essentially your partner.

Plus accounting for vacancies.REI, everything is on the HUD I don't play that.

There is alot unknown that needs to be clarified before answering "why can't they just do it as a investment property @ 90 LTV"---things like how you are going to document income/assets, FICO, cash reserves, # of properties owned/mortgaged to name a few...I suspect that it is not your intent to occupy the 2nd unit as Wells Fargo suspects and this is where the FRAUD comes into play---if you intend to rent out both units and claim otherwise, the doc they want you to sign could serve as the noose at your own hanging.

If you aren't asking every homeowner or landlord if they will lease option their property to you, then you are not serious about playin' this game!

I am going to start out wholesaling with the goal to get in the game and eventually do REI full time.I am 20 years old and have been doing my own business online for the past 5 years mixed between web/software development, hosting, and advertising/marketing.

For example my loans are currently a quarter plus prime which is 8.5%.The interest only loans I use fit my game plan.

They have been in the CREI game for 30 years