Joseph Chillemi - once you have the contract with the seller in place, allowing you exclusive purchase power for a specific time- you can tell them you will bring by multiple contractor to get work bids.

One other bit of advice though - if you do decide to go with a "subject to" mortgage - be sure to get a "limited power of attorney" over the mortgage so that the lender can communicate directly with you regarding payment and any further correspondence. 

lol, some power tripping landlords in here.   

@Ryan Billingsley I do, although be aware that I do payment take over deals, not wholesaling so I can't speak to how successful you'll be at finding bargains from the FSBO pool.The only downside I can think of with cold calling is that you're not coming from the same position of power as you do when answering or returning a call.

@Mike HerbonSocial media is a powerful platform that have thousands of potential leads waiting for you.

Also, i am checking out podio, seems very efficient for following up with prospects.  

These guys are used to working with each other so they are more efficient, and since I try to have work for them I am at the top of their list when something goes wrong.  3.

It will definitely extend your buying power and make your offers on properties more attractive as you will most likely be a cash buyer now.

Learned a ton and my goal now is to build out an efficient landlording system that is scalable and purchase another buy and hold property before the end of 2016 via seller financing or any other creative financing.

I find it helpful to defer to a high power by saying, my private financing partner/source of funds will not fund this deal because during our due diligence we found ___________.